This Rakesh Jhunjhunwala-backed credit rating firm CRISIL Limited has jumped over 12 per cent to Rs 3222.25 per share on the BSE intraday on Thursday on the back of strong performance in the July-September quarter earnings for the financial year 2021-22 (Q3FY22).

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On a consolidated basis, CRISIL reported a 25 per cent jump in the Q3 PAT (profit after tax) to Rs 112.9 crore as compared to Rs 90 crore in the same quarter a year ago. And, income from operations grew almost 18 per cent to Rs 571 crore as against Rs 485 crore in the corresponding quarter a year ago.

The stock on July 20, 2021 had touched a record high of Rs 3323 per share and surged around 70 per cent in 2021 so far (year-to-date) on the BSE.  

Ace investor Rakesh Jhunjhunwala, along with his wife Rekha, has a total investment of over Rs 1200 crore, which represents around 5.5 per cent combined stake in the company, as per trendlyne.com.

On an individual basis, Rakesh Jhunjhunwala held 21,06,750 shares, which comprises of 2.9 per cent stake, while Rekha Jhunjhunwala has 18,68,250 shares of the company, comprising of 2.57 per cent holding in CRISIL, according to the BSE data. 

CRISIL Ratings revenue grew 21.5 per cent year-on-year in the quarter ended September 30, 2021, as the business environment improved. With demand picking up across the economy, activity in the lending markets is improving, the rating agency firm said in the earnings release.

CRISIL in its results announcement also declared that the Board of Directors has declared an interim dividend of Rs 9 per share (of Re 1 face value) for the quarter ended September 30, 2021, compared with Rs 7 per share for the same quarter last year.

CRISIL, erstwhile known as Credit Rating Information Services of India Limited, is a subsidiary of the US company S&P Global, which provides ratings, research, and risk and policy advisory services.