Crisil Limited reported resilient performance for the fiscal year 2025, achieving an 11.9% year-on-year growth in Income from operations, reaching ₹3,649 crore. Profit Before Tax (PBT) grew by 12.4% to ₹1,041 crore. The company also declared a final dividend of Rs 28 per share, bringing the total dividend for FY25 to Rs 61 per share. Growth was driven across both Ratings and Research/Analytics segments despite global uncertainties.
Financial Highlights for FY 2025
Crisil announced its financial results for the year ended February 13, 2026, showcasing resilient performance amidst a challenging macroeconomic climate. The key consolidated financial achievements for the full year FY 2025, compared to FY 2024, were:
- Income from operations increased by 11.9% to ₹3,649 crore (up from ₹3,260 crore).
- Profit Before Tax (PBT) saw a growth of 12.4%, reaching ₹1,041 crore (up from ₹926 crore).
- Profit After Tax (PAT) grew by 12.0% to ₹766 crore (up from ₹684 crore).
For the fourth quarter (Q4 FY25), the Income from operations grew by a robust 18.5% to ₹1,082 crore, and PBT grew by 10.9% to ₹327 crore.
Dividend Recommendation
The Board recommended a final dividend of Rs 28 per share for FY 2025. This brings the total dividend for the year to Rs 61 per share, an increase from the previous year’s total dividend of Rs 56 per share.
Segment Performance: Ratings Services
The Ratings segment maintained its leadership position, driven by corporate bond ratings activity:
- Income from operations for Ratings grew by 18.4% FY-on-FY, reaching ₹1,078.7 crore.
- Segment profit saw a significant increase of 19.5% to ₹478.2 crore.
- The margin for the segment stood at 44.3% for FY 2025.
- Q4 FY25 saw revenue growth of 14.3% year-on-year.
The segment also highlighted expansion in analytical and operational support provided by the Crisil Global Analytics Center (GAC) to S&P Global Ratings.
Segment Performance: Research, Analytics and Solutions (RAS)
The RAS segment demonstrated strong momentum, benefiting from strategic acquisitions and increasing demand for advanced analytics:
- Income from operations grew by 9.4% in FY 2025 to ₹2,572.4 crore.
- Segment profit increased by 12.6% to ₹566.6 crore.
- Margin improved to 22.0% for the full year.
- Q4 FY25 revenue growth for RAS was 20.1% year-on-year.
This segment’s growth was fueled by traction gained by Crisil Integral IQ, momentum in corporate and investment banking (CIB) driving Coalition Greenwich’s performance, and continued demand for data analytics services within Crisil Intelligence. Notably, the financials for the acquisition of PriceMetrix Co are included effective November 07, 2025.
Macro Environment Context
The results were achieved against a backdrop of expected 7.4% GDP growth in India for fiscal 2025-26, supported by government infrastructure investments. Globally, improved outlook with 3.2% GDP growth in 2025 was noted. While Indian banking NPAs continued a favorable trend, falling to an estimated 2.2-2.3% for FY26E, corporate bond issuances saw a muted environment.
Thought Leadership and CSR Highlights
Crisil executives remained active in public forums, including hosting the 10th Annual NBFC Summit and participating in key global financial conferences. In Corporate Social Responsibility (CSR), the Crisil Foundation received the Excellence in Community Impact award by SHRM in November 2025. The ‘Mein Pragati’ program reached approximately 4 lakh rural individuals, and the environmental initiative planted 71,000 saplings.
Source: BSE
