Page 68 - Index

B. Results of operations
Summary of the consolidated operating performance
(C crore)
Particulars Year-ended December 31,
2024 % of revenue 2023 % of revenue
Income
Revenue from operations 3,259.78 97 3,139.52 97
Other income 89.64 3 93.64 3
Total income 3,349.42 100 3,233.16 100
Expenses
Employee benefits expense 1,765.09 53 1,747.77 54
Finance costs 4.03 0 3.66 0
Depreciation and amortisation expenses 69.95 2 103.78 3
Other expenses Total expenses Profit before tax 926.47 28 867.70 27
583.88 17 510.25 16
2,422.95 72 2,365.46 73
Profit before tax for the year ended December 31, 2023, includes a one-off gain of C 29.4 crore due to sharp devaluation
of the Argentinian peso in fourth quarter of 2023.
Segmental revenue analysis
2024
Total
3,259.78
72%
2,350.63
28%
909.15
Ratings services
Research, Analytics and Solutions
2023
Total
3,139.52
75%
2,367.13
25%
772.39
(C crore)
(C crore)
Segmental profit
2024
Total
903.22
56%
505.21
44%
398.01
Ratings services
Research, Analytics and Solutions
2023
Total
828.28
60%
493.63
40%
334.65
(C crore)
(C crore)
66 Annual Report 2024