Crisil: Board approves dividend of Rs. 6

The Board of Crisil Limited approved payment of a second interim dividend of Rs. 6 per equity share for the fiscal ending December 31, 2019. Adverse foreign exchange movement has impacted the company's profitability numbers in the June quarter and half year.

The dividend on equity share of face value of Re. 1 is decided to be paid on August 16, 2019.

The board also approved Unaudited Standalone and Consolidated Financial Results for the second quarter ending June 30, 2019. For the second quarter of the accounting period ending December 31, 2019, the company reported consolidated total income to be Rs. 428 crore a decrease by 5.6 per cent YoY. The consolidated income from operations decreased by 4.66 per cent YoY to Rs. 415.8 crore for the second quarter. Profit after tax reduced by 13.23 per cent YoY to be Rs. 66.9 crore for the quarter ended June 30, 2019.

As for the half-yearly results for the period of six months ended June 30, 2019, total income fell by 3.42 per cent to Rs. 850.9 crore from Rs. 881 crore posted for the same period in the previous year. Profit after tax dropped by 9.92 per cent to Rs. 143.5 crore for the six months period ending June 30, 2019 as against Rs. 159.3 crore gained in the same period of the previous year. The company stated adverse foreign exchange movement as an impact affecting the profitability numbers in the June quarter and half year as compared to the same periods of the previous year.

On Wednesday, Crisil was trading at Rs. 1,358 per share, down by 0.96 per cent or Rs. 13.20 per share. The previous day’s close was at Rs. 1,371.20. The 52-week high is Rs. 1,831.60 and 52-week low is Rs. 1,259 per share on BSE.