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Crisil Q1FY22 Earning Call Highlights

Crisil Q1FY22 Earning Call Highlights

Published on 16 August 2021 Views 15 Comments 0

Financial Highlights

  • Revenue from operations stands at Rs.528.5 Cr in Jun-21, up 12% from Rs. 471.8 Cr in Jun-20
  • Rating Services  - Rs.136.6 Cr, down 5% YoY and 8% QoQ
  • Research Services – Rs.355.4 Cr, up 20% YoY and 14% QoQ
  • Advisory Services – Rs.36.5 Cr, up 14% YoY and 7% QoQ

  • Majority of revenue comes from research services.
  • Segment Profits
  • Rating Services  - Rs.52.00 Cr
  • Research Services – Rs.79.87 Cr
  • Advisory Services – Rs.4.36 Cr
  • For the half-year ended Jun-21, the company reported income from operations of Rs.1,023.7 Cr as compared to Rs 899.6 Cr for the half-year ended Jun-20
  • Profit After Tax rose by 51.9% in Q2 FY22 to Rs.100.8 Cr from Rs.66.3 Cr in Q2 FY21
  • Profit After Tax rose by 19.3% for the half-year ended 2022 to Rs.184.3 Cr as compared to Rs.154.5 Cr for the half-year ended 2021

Rating segment

  • Despite pandemic driven challenges, the company was able to report strong growth due to its well-diversified business mix and continual focus on analytical excellence and customer experience
  • Quantum of bond issuance plummeted by 61% on a YoY basis and the number of issuers dropped sharply by 48%.
  • Due to pandemic, bank credit growth remains muted in MSME as well as large corporate sectors
  • Rating business continued to hold its leading position in the corporate bond market and added new clients during the quarter. However, its revenue from ratings was impacted in this challenging credit landscape
  • Global Analytical Centre continued to gain traction and its new products across stressed assets and structured finance also saw traction

Research Regment

  • All businesses in the research segment delivered growth – Global Research & Risk Solutions, Buy-side research, Coalition Greenwich
  • Growth in India Research Business was driven by continued demand for data, capital market-related insights and new products launched
  • It also launched Environmental, Social, Governance (ESG) scores for 225 Indian corporates across 18 sectors, which saw a very good response from the market.

Advisory Segment

  • The advisory segment saw robust growth due to new wins and pipeline conversion
  • Business Intelligence and Risk Solutions business technology platform continued to receive interest from clients
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