Crisil report
Crisil reported a marginal 6% growth in its consolidated revenues to Rs. 216.55 crore in Q2CY'12 compared to Q2CY'11 while it's bottom-line fell 2% to Rs. 43.70 crore which was lower than expectation.
Growth in income was contributed by 7% growth in rating services revenues at Rs. 90.70 crore contributing 42% of total revenues and 10% growth in research services revenues at Rs. 113.28 crore contributing 52% of total revenues. Advisory services revenues fell 22% to Rs. 12.29 crore.
Consolidated other income for the quarter ended June 30, 2012 includes foreign exchange gain of Rs. 7.98 crore as against a loss of Rs. 0.1 crore in the corresponding previous year period reported under other expense.
The Consolidated accounts include accounts of CRISIL and its wholly owned subsidiaries CRISIL Risk and Infrastructure Solutions, Pipal Research Analytics and Information Services India., CRISIL Irevna UK and its subsidiary, CRISIL Irevna US LLC, CRISIL Irevna Argentina SA, CRISIL Irevna Poland, CRISIL Irevna Information Technology (Hangzhou). and proportionate share in income and expenses of joint venture India Index Services & Products.
In June 2012, CRISIL signed an agreement to buy 100% of the equity shares of the UK-headquartered Coalition Development Ltd. along with its subsidiaries (Coalition). Coalition provides high-end analytics, mainly to leading global investment banks. The transaction was completed in early July. Coalition's acquisition will help CRISIL's Global Research & Analytics (GR&A) business to widen service offerings, diversify its client base and deepen client relationships, significantly enhancing its position in the global financial markets. CRISIL GR&A business, consisting of Irevna and Pipal, remains a global leader and added several new clients during the quarter. CRISIL Research's growth during the quarter was impacted by the slowdown in the economy and volatility in the stock markets.
CRISIL Ratings revenue growth was driven by growth in
Growth in income was contributed by 7% growth in rating services revenues at Rs. 90.70 crore contributing 42% of total revenues and 10% growth in research services revenues at Rs. 113.28 crore contributing 52% of total revenues. Advisory services revenues fell 22% to Rs. 12.29 crore.
Consolidated other income for the quarter ended June 30, 2012 includes foreign exchange gain of Rs. 7.98 crore as against a loss of Rs. 0.1 crore in the corresponding previous year period reported under other expense.
The Consolidated accounts include accounts of CRISIL and its wholly owned subsidiaries CRISIL Risk and Infrastructure Solutions, Pipal Research Analytics and Information Services India., CRISIL Irevna UK and its subsidiary, CRISIL Irevna US LLC, CRISIL Irevna Argentina SA, CRISIL Irevna Poland, CRISIL Irevna Information Technology (Hangzhou). and proportionate share in income and expenses of joint venture India Index Services & Products.
In June 2012, CRISIL signed an agreement to buy 100% of the equity shares of the UK-headquartered Coalition Development Ltd. along with its subsidiaries (Coalition). Coalition provides high-end analytics, mainly to leading global investment banks. The transaction was completed in early July. Coalition's acquisition will help CRISIL's Global Research & Analytics (GR&A) business to widen service offerings, diversify its client base and deepen client relationships, significantly enhancing its position in the global financial markets. CRISIL GR&A business, consisting of Irevna and Pipal, remains a global leader and added several new clients during the quarter. CRISIL Research's growth during the quarter was impacted by the slowdown in the economy and volatility in the stock markets.
CRISIL Ratings revenue growth was driven by growth in