Quarterly Results
CRISIL Reports Strong Q2 FY26 Performance; Revenue Grows 27.6%, Declares ₹10 Interim Dividend
NSE
Crisil
BSE
500092
CRISIL Limited reported strong financial performance for the quarter and half-year ended 30 June 2026, driven by broad-based growth across its Ratings and Research, Analytics & Solutions businesses. The company recorded healthy growth in revenue and profitability while declaring an interim dividend of ₹10 per equity share. Management highlighted continued investments in GenAI capabilities, domain-led AI solutions, and resilient demand across domestic and international markets.
PRICE-SENSITIVE TRIGGER
Event: Unaudited Financial Results for Q2 & H1 FY26 (Quarter and Half-Year ended 30 June 2026)
Type: Quarterly Results
Impact: Positive
Immediate Effect: Strong double-digit growth in revenue and profits, continued expansion across business segments, and declaration of an interim dividend.
Financial Highlights:
Q2 FY26 (Consolidated)
- Income from Operations: ₹1,075.4 crore (↑27.6% YoY)
- Total Income: ₹1,096.5 crore (↑26.5% YoY)
- Profit Before Tax (PBT): ₹279.8 crore (↑24.4% YoY)
- Profit After Tax (PAT): ₹216.5 crore (↑26.2% YoY)
H1 FY26 (Consolidated)
- Income from Operations: ₹2,133.1 crore (↑28.8% YoY)
- Total Income: ₹2,182.0 crore (↑27.6% YoY)
- Profit Before Tax: ₹588.2 crore (↑30.1% YoY)
- Profit After Tax: ₹449.7 crore (↑35.7% YoY)
Dividend:
- Interim Dividend: ₹10 per equity share (Face Value ₹1)
What Happened ?
CRISIL’s Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half-year ended 30 June 2026. The company delivered robust revenue and profit growth despite a volatile macroeconomic and geopolitical environment, supported by resilient client demand, continued investments in AI capabilities, and strong performance across its core business segments.
key details
Ratings Services:
- Revenue increased 21.4% YoY.
- Maintained market leadership in credit ratings.
- Continued investor preference for best-in-class assessments.
- Benefited from healthy credit demand, particularly from non-banking finance companies.
Research, Analytics & Solutions:
- Segment revenue increased 30.1% YoY.
- Strong demand for:
- Data analytics
- Consulting services
- Credit and risk solutions
- Credit lending solutions
- Fundamental research
AI & Technology:
- Continued investments in domain-led Generative AI capabilities.
- Focused on converting GenAI opportunities into long-term growth.
- Strengthened AI-based products and solutions to improve client experience and operational efficiency.
- Recognized as a Leader in AI Governance Solutions by Chartis Research’s GRC Digital Resilience Solutions 2025 report.
International Business:
- Continued expansion through:
- CRISIL Coalition Greenwich
- CRISIL Integral IQ
- CRISIL Intelligence
- Global Analytics Center supporting S&P Global
Management Commentary:
Managing Director & CEO Amish Mehta stated that:
- The company maintained strong growth momentum despite macroeconomic uncertainty.
- Client investments in Generative AI continue to create long-term growth opportunities.
- CRISIL remains focused on domain expertise, AI-led innovation, and future-ready talent.
- As the company enters its 40th year, it remains committed to delivering sustainable long-term value for stakeholders.
Additional Highlights:
- Foreign exchange movement resulted in a ₹8.2 crore loss during Q2 2026.
- India GDP growth expectation for the fiscal year remains around 6.6% according to management commentary.
- Corporate bond issuances by value declined 25.7% YoY during the quarter due to elevated bond yields.
- The Board approved an interim dividend reflecting confidence in the company’s cash generation and financial strength.
Risk Analysis
Summary:
- CRISIL continues to demonstrate resilient earnings supported by its diversified business model, recurring revenue streams, and leadership across ratings, analytics, and research. However, macroeconomic uncertainty and slower capital market activity remain monitorable factors.
Key Risks:
- Global economic slowdown affecting consulting and analytics demand.
- Lower corporate bond issuances impacting ratings business.
- Currency fluctuations affecting profitability.
- Increased competition in AI-enabled analytics and consulting services.
Worst Case:
- A prolonged slowdown in corporate financing activity or weaker global consulting demand could moderate future revenue growth despite CRISIL’s diversified operations.
Risk Level: Low to Medium
Why It Matters for Investors:
Positives
- Strong double-digit revenue growth.
- Healthy expansion in profitability.
- Interim dividend declaration.
- Continued leadership in credit ratings.
- Growing AI and analytics franchise.
- Diversified domestic and international revenue streams.
- Strong balance sheet and cash generation.
Monitor
- Corporate bond issuance trends.
- Global macroeconomic conditions.
- Foreign exchange volatility.
- Pace of enterprise AI spending.
Official Exchange Filing: CRISIL Limited
