CRISIL To Pay Interim Dividend 0f 800%: Payment Date Details Inside

CRISIL is a leading global analytics company and India's foremost provider of ratings, data, research, analytics, and solutions. It covers various sectors such as automobile, energy, industrial, financial, infrastructure, IT, Media, Telecom, and consumption products, among others.

The board of the company has on July 21 approved interim dividend of 800%. It reported a surge of 35.8% in PAT for the quarter and 40.3 rise in PAT for the half year. Check details below:

1. CRISIL To Pay 800% Interim Dividend On August 18

The board of directors at CRISIL has approved an interim dividend of Rs 8 per equity share. According to the BSE filing, The Board of Directors has also approved the payment of Interim dividend of Rs. 8 per equity share of face value of Re 1 each, for the financial year ending December 31, 2022, which will be paid on August 18, 2022."

2. CRISIL Q2 Results

The Board of Directors of CRISIL Ltd, at its meeting on July 21, approved the unaudited financial results for the second quarter ended June 30, 2022 (Q2 2022). In the BSE filing, the board of directors stated, "CRISIL's consolidated income from operations rose 26.5% to Rs 668.5 crore in Q2 2022, compared with Rs 528.5 crore in the corresponding quarter of the previous year.

Consolidated total income was up 27.9% to Rs 703.8 crore in Q2 2022, compared with Rs 550.5 crore in the corresponding quarter of the previous year. Profit after tax increased 35.8% to Rs 136.9 crore in Q2 2022, compared with Rs 100.8 crore in the corresponding quarter of the previous year.

CRISIL's consolidated income from operations for the half year ended June 30, 2022 (H1 2022), rose 23.4% to Rs 1,263.5 crore, compared with Rs 1,023.7 crore in the corresponding period of the previous year. Consolidated total income was up 24.5% to Rs 1,318.9 crore in H1 2022, compared with Rs 1,059.1 crore in the corresponding period of the previous year. Profit after tax increased 40.3% to Rs 258.5 crore in H1 2022, compared with Rs 184.3 crore in the corresponding period of the previous year.

3. CRISIL Stock Outlook

The current market price of the stock is Rs 3283 apiece with a decline of 0.39% till 11:19 pm today. The stock has hit the 52-week high at Rs 3860 apiece and 52-week low at Rs 2425 apiece. The PE of the stock is 62.99 and ROE is 42.09. It is a company with high TTM EPS growth. Brokers have recently upgraded recommendations or target price for the stock. The market capitalization is Rs 24,089 crore.

4. CRISIL Dividend History

CRISIL has announced a solid equity dividend of 4600% or Rs 46 per share. for the year ending December 2021. The mid-cap stock has a dividend yield of 1.39%. The company has been maintaining a good dividend record and regularly declared dividend in the last 5 years. It has started declaring dividend way back in 2001.

5. About CRISIL Ltd

CRISIL has a strong track record of growth, culture of innovation and global footprint. It has delivered independent opinions, actionable insights, and efficient solutions to over 100,000 customers. Its businesses operate from India, the United States (US), the United Kingdom (UK), Argentina, Poland, China, Hong Kong, Singapore, and the United Arab Emirates (UAE). CRISIL is majority owned by S&P Global Inc., a leading provider of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide.