Page 44 - Index

b) Standalone operations
Total income from the Company’s standalone
operations for 2024 was C 2,165.58 crore compared
with C 2,121.62 crore in the previous financial year.
Overall expenses were C 1,460.16 crore as against
C 1,358.24 crore in the previous financial year. Profit
before tax was C 705.42 crore as against C 763.38
crore in the previous financial year. Profit after tax was
C 615.88 crore as against C 668.26 crore in the previous
financial year.
A detailed analysis of the performance, consolidated
as well as standalone, is included in the Management
Discussion and Analysis Report, which forms part of
the Annual Report.
Dividend
The Directors recommend for approval of the members at
the Annual General Meeting (AGM), to be held on April 30,
2025, payment of final dividend of C 26 per equity share of
face value of C 1 each, for the financial year under review.
During the year, the Company paid three interim dividends
- first interim dividend of C 7, second interim dividend of C 8
and third interim dividend of C 15 per equity share. Hence,
total dividend will be C 56 per share in 2024 vis-à-vis total
dividend of C 54 per share in the previous financial year.
The Dividend recommended is in accordance with the
Company’s Dividend Distribution Policy . The Company has
adopted the Dividend Distribution Policy to determine the
distribution of dividends in accordance with the provisions
of applicable laws. The Dividend Distribution policy is
available on the Company’s website at https://www.crisil.
com/content/dam/crisil/investors/corporate-governance/
dividend-policy-clean.pdf
Increase in issued, subscribed and paid-up
equity share capital
During the financial year, the Company issued and allotted
16,185 equity shares to eligible employees on exercise of
options granted under the employee stock option scheme
(ESOS) of the Company. Hence, at the end of the year, Crisil’s
issued, subscribed and paid-up capital stood at C 73,129,790/-
comprising 73,129,790 equity shares of C 1 each.
Trend in share capital during the year:
Particulars No. of shares
allotted
Cumulative outstanding
capital (no. of shares with
face value of D 1 each)
Capital at the beginning of the year, i.e., January 1, 2024 - 73,113,605
Allotment of shares to employees on February 16, 2024 4,113 73,117,718
Allotment of shares to employees on April 16, 2024 6,118 73,123,836
Allotment of shares to employees on July 15, 2024 5,814 73,129,650
Allotment of shares to employees on October 16, 2024 140 73,129,790
Capital at the end of the year, i.e., as of December 31, 2024 - 73,129,790
Segment-wise results
The Company has identified two business segments, in line
with the Indian Accounting Standard on Operating Segment
(Ind AS-108), comprising:
(i) Ratings services
(ii) Research, Analytics and Solutions
The audited financial results of these segments are provided
as part of the financial statements.
Review of operations
Ratings services
Highlights
• Announced 1,150+ new bank loan ratings (BLRs); has
total active ratings outstanding for ~7,000 companies
• Maintained leadership position in the corporate bond
markets, backed by preference for quality ratings among
investors and issuers alike
• Ensured best-in-class quality of ratings by maintaining
focus on analytical rigour
• Held several marquee events and published high-quality
opinion pieces that were well covered by the media and
appreciated by stakeholders
The ratings industry sustained its growth momentum
in 2024 as a decline in bond issuances in the first half
amid hardening yields was more than offset by a year-on-
year increase in issuances in the second half of the year.
Consequently, in 2024, the rated bond quantum rose a
healthy 11.7% year-on-year. The pick-up in the second half
was led by large and frequent bond issuances from players
in the financial services sector.
42 Annual Report 2024