Page 72 - Index

B. Results of operations
Summary of the standalone operating performance
(C crore)
Particulars Year-ended December 31,
2024 % of revenue 2023 % of revenue
Income
Revenue from operations 1,664.89 77 1,628.36 77
Other income 500.69 23 493.26 23
Total income 2,165.58 100 2121.62 100
Expenses
Employee benefits expense 876.72 40 802.40 38
Finance costs 3.11 0 3.28 0
Depreciation and amortisation expenses 43.27 2 66.92 3
Other expenses 537.06 25 485.64 23
Total expenses 1,460.16 67 1,358.24 64
Profit before tax 705.42 33 763.38 36
Revenue analysis
Other income (net)
Other income increased to C 500.69 crore from C 493.26
crore in the previous year. The other income comprises
mainly dividend received from subsidiaries.
Expense analysis
Expenses for the year ended December 31, 2024, totaled
C 1,460.16 crore as against C 1,358.24 crore in the
previous year.
Risk management
Crisil has established a robust risk management framework
governed by oversight from our Board of Directors,
ensuring comprehensive management of risks across
the organisation. The framework is anchored by a clearly
defined Risk Management Policy, which outlines the
key accountabilities and responsibilities for identifying,
assessing, mitigating and monitoring risks.
Crisil adopts a balanced approach to risk management,
aimed at mitigating risks to an acceptable level within its
defined risk appetite while safeguarding the organisation’s
reputation and brand. This comprehensive approach is
designed to support the achievement of our operational and
strategic objectives, ensuring both business resilience and
sustainable growth.
Periodic risk assessments are a cornerstone of Crisil’s
risk management approach. The Company employs a
systematic mechanism to proactively identify and evaluate
risks, followed by implementing mitigation strategies and
ongoing monitoring. Governance and guidance for this
process are provided by the Internal Risk Management
Committee (IRMC), which comprises senior members of the
leadership team.
Crisil adopts a comprehensive risk assessment methodology
that integrates both bottom-up inputs from individual
business units and strategic top-down insights. This
combination ensures that risks are assessed holistically,
covering all segments of the business. Governance and
guidance are provided by the IRMC, which comprises
senior members of the leadership team. By leveraging the
expertise of its leadership, Crisil navigates an ever-evolving
risk landscape, while safeguarding stakeholder interests.
Key business risks and mitigation strategies
Crisil operates in a dynamic global environment
characterised by evolving challenges. Below are the key
risks and their respective mitigation strategies:
1. Cybersecurity and data breach risks
The frequency and complexity of cyber threats
continue to grow, exposing organisations to significant
70 Annual Report 2024