CRISIL’s earnings before interest, tax, depreciation, and amortization (EBITDA) increased by 16.7% YoY to Rs 223.8 crore for the quarter, while the EBITDA margin improved to 27.6% from 26.1% in the same period of the previous fiscal year.
The board of directors declared an interim dividend of Rs 15 per share (with a face value of Rs 1) for the quarter, compared to Rs 11 per share declared during the corresponding quarter of the previous year. However, the impact of foreign exchange movements was unfavorable compared to the same quarter last year.
“Global growth patterns are diverging, with the US slowing, the Eurozone recovering, and India displaying robust GDP growth. Geopolitical uncertainties remain a risk,” said Amish Mehta, Managing Director and CEO of CRISIL.
Consolidated total income for the reporting quarter rose by 7.9% YoY to Rs 833.2 crore, from Rs 771.8 crore in the corresponding quarter of the previous year, the company said in a statement.
At 10:55 am, the stock was trading 3.33% higher at Rs 4,949.3 on BSE. Its shares have surged 15% in 2024 to date and 60% over the past two years, with the company currently holding a market capitalization of Rs 35,922 crore.As per Trendlyne data, the average target price of Crisil is Rs 4,282, which indicates a downside of 13% from the current market prices. The consensus recommendation from 2 analysts for the stock is a ‘Sell’.Technically, the stock’s relative strength index (RSI) is at 61.3, according to data available on Trendlyne. An RSI below 30 is considered oversold, while an RSI above 70 indicates overbought conditions. The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).
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