Capital market company CRISIL Ltd. delivered robust financial results for the second quarter, with net profit increasing 26.2% year-on-year to ₹216.5 crore in the quarter ended June 2026, compared with ₹171.6 crore in the corresponding period last year. According to the latest unaudited financial results, the company's consolidated revenue from operations rose 27.6% YoY to ₹1,075.4 crore, up from ₹843 crore a year ago. At the operating level, profit before tax climbed 24.4% to ₹279.8 crore, compared with ₹225 crore in the year-ago period. The company's consolidated total income for Q2FY26 rose 26.5% to ₹1,096.5 crore, compared with ₹866.6 crore in the corresponding quarter of the previous year. The board declared an interim dividend of ₹10 per equity share, compared with ₹9 per share in the same quarter last year. As per Business Standard, CRISIL shares added 3.49% to ₹4,452.25 following the results announcement.
The company's diversified business segments demonstrated strong performance across all key areas. The Ratings services segment revenue grew 21.4% year-on-year to ₹305.12 crore in Q2 2026, with segment profit increasing 31.1% to ₹135.2 crore. The Research, Analytics and Solutions segment revenue surged 30.1% YoY to ₹770.85 crore, with segment profit rising 32.9% to ₹157.1 crore. According to the company, CRISIL Ratings maintained its leadership position while CRISIL Global Analytics Center expanded support to S&P Global Ratings. CRISIL Integral IQ and CRISIL Coalition Greenwich contributed to growth through increased demand for credit lending solutions and momentum in corporate and investment banking. CRISIL Intelligence saw continued demand for data analytics, consulting, and credit and risk solutions. Managing Director and CEO Amish Mehta attributed the performance to disciplined execution and strategic priorities despite macroeconomic challenges, stating that clients are stepping up investments in GenAI capabilities.
The corporate bond market faced significant headwinds during Q2 2026, with yields on corporate bonds remaining elevated, resulting in a 25.7% year-on-year decline in issuance by value. The number of issuers saw a 15.3% decrease year-on-year, while the number of issuances fell 12.9%. As per Business Standard, the net impact of foreign exchange movement was a loss of ₹8.2 crore in Q2 2026, compared with a loss of ₹6.6 crore in Q2 2025. Despite these challenges, bank credit remained robust at 17.7% as of May 2026, compared with 9% a year earlier, as reported by NDTV Profit. Credit to large corporates rebounded to 14.4%, while credit to non-banking finance companies remained the key driver of services sector credit growth.
In a significant corporate development, the board of CRISIL approved the amalgamation of its Canadian subsidiaries at a meeting held on July 21, 2026. The approved merger involves the amalgamation of Crisil Canada Inc. with Crisil PriceMetrix Inc., both wholly owned step-down subsidiaries of CRISIL. Post amalgamation, both entities will cease to exist as separate entities and will form a single entity under the name Crisil PriceMetrix Inc.. This strategic consolidation is part of CRISIL's ongoing efforts to streamline its global operations and enhance operational efficiency across its international subsidiaries.
On July 21, 2026, CRISIL's Board of Directors approved the amended Code of Practices for Fair Disclosure of Unpublished Price Sensitive Information, effective immediately. The updated code aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and designates the Chief Financial Officer as the Chief Investor Relations Officer responsible for disseminating information and handling UPSI disclosures. The policy mandates a structured digital database containing UPSI nature and names of individuals or entities that will be updated regularly by insiders. This comprehensive framework ensures prompt public disclosure of price-sensitive information to prevent selective dissemination and maintain uniformity in market communications.
For the half-year ended June 30, 2026, CRISIL's consolidated income from operations grew 28.8% to ₹2,133.1 crore, compared with ₹1,656.2 crore in the corresponding period of the previous year. Consolidated total income for H1 FY26 rose 27.6% to ₹2,182 crore, compared with ₹1,710.3 crore in the corresponding period of the previous year. Profit before tax was up 30.1% to ₹588.2 crore in H1 FY26, compared with ₹452.2 crore in the corresponding period of the previous year. Profit after tax for the half-year was up 35.7% to ₹449.7 crore, compared with ₹331.4 crore in the corresponding period of the previous year. As per Purple Finance, shares of CRISIL Limited were trading at ₹4,302.10 on BSE compared to the previous close of ₹4,235.85, with the stock hitting an intraday high of ₹4,340.00.
