Oct 19, 2013, 05.47 PM IST
The firm sold its entire equity stake (49 percent) in India Index Services & Products (IISL), a joint venture with National Stock Exchange, for a total consideration of Rs 100 crore.
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CRISIL Q3 profit rises 93% to Rs 117 cr on exceptional gain
The firm sold its entire equity stake (49 percent) in India Index Services & Products (IISL), a joint venture with National Stock Exchange, for a total consideration of Rs 100 crore.
Like this story, share it with millions of investors on M3
CRISIL Q3 profit rises 93% to Rs 117 cr on exceptional gain
The firm sold its entire equity stake (49 percent) in India Index Services & Products (IISL), a joint venture with National Stock Exchange, for a total consideration of Rs 100 crore.
Rating agency CRISIL 's third quarter (July-September) consolidated net profit climbed 93.3 percent sequentially (95.6 percent year-on-year) to Rs 117 crore on account of exceptional gain of Rs 66 crore on sale of stake in IISL.
The firm sold its entire equity stake (49 percent) in India Index Services & Products (IISL), a joint venture with National Stock Exchange, for a total consideration of Rs 100 crore.
"Exceptional item for the quarter represents profit of Rs 99.36 crore on a standalone basis and Rs 65.88 crore on a consolidated basis net of accumulated reserves," the company said in its release.
Consolidated net sales grew 7.7 percent Q-o-Q (5.7 percent Y-o-Y) to Rs 286.40 crore in the quarter gone by. The lower growth in revenues was due to extreme volatility in the Indian financial markets, coupled with high interest rates and a decline in economic growth.
The rating agency declared an interim dividend of Rs 3 per share for the financial year ending December 31, 2013.
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