Highlights for the quarter and year ended December 31 , 2025:

• Income from operations up 11.9% for the year, and up 18.5% for the quarter
  
• Profit before tax (PBT) up 12.4% for the year, and up 10.9% for the quarter
  
• Final dividend of Rs 28 per share recommended. Total dividend of Rs 61 per share for the year 2025 vs Rs 56 er share of previous ear includes recommended final dividend
  
  

The Board of Directors of Crisil Limited, at its meeting today, approved the audited financial results for the quarter (04 2025) and for the year ended December 31, 2025.

Crisil's consolidated income from operations for Q4 2025 was up 18.5% to Rs 1,081.6 crore, compared with Rs 912.9 crore in Q4 2024. Consolidated total income for Q4 2025, rose 17.5% to Rs 1,108.7 crore, compared with Rs 943.2 crore in Q4 2024. Profit before tax for 04 2025 was up 10.9% to Rs 326.5 crore, compared with Rs 294.5 crore in 04 2024. Profit after tax was up 7.5% to Rs 241.5 crore, compared with Rs 224.7 crore in Q4 2024.

Crisil's consolidated income from operations in FY 2025, was up 11 . 9% to Rs 3,649.0 crore, compared with Rs 3,259.8 crore in FY 2024. Consolidated total income, rose 12.1% to Rs 3,755.6 crore, compared with Rs 3,349.4 crore in FY 2024. Profit before tax was up 12.4% to Rs 1,041.0 crore, compared with Rs 926.5 crore in FY 2024. Profit after tax was up 12.0% to Rs 766.0 crore, compared with Rs 684.1 crore in FY 2024.

The above results include impact of new labour codes of Rs 16.8 crore for the fourth quarter and year ended December 31, 2025.

For the year ended December 31, 2025, the company paid three interim dividends totalling Rs 33 per equity share of face value of Re 1 each. The Board of Directors has recommended a final dividend of Rs 28 per share (of Re 1 face value), taking the total dividend for the year to Rs 61 per share.

Says Amish Mehta, Managing Director & CEO, Crisil, "We saw strong revenue and EBITA growth compared with last year, driven by consistent financial delivery and operational resilience across our businesses. While a dynamic macroeconomic backdrop persists, we are committed to delivering sustainable growth through continuous investments in creating new products and solutions, expanding our client footprint, and developing future-ready talent. We focus on creatingdomain-led GenAI solutions that drive competitiveness by enhancing client experiences and insights and augmenting operational efficiencies. Notably, Crisil is marching towards its 40th year of making markets function better, driven by deep institutional intelligence and rich experience honed by economic cycles, reforms and shocks, and as a steadfast ally in the Viksit Bharat quest."

Crisil expects India's gross domestic product to grow 6.7% next fiscal (April 1, 2026 to March 31, 2027), compared with a 7% forecast for this fiscal reinforcing its fastest-growing large economy status as lower interest rates and tax reliefs spur consumption and policy facilitations encourage domestic economic activity despite protracted global uncertainties.

The credit ratings business maintained its growth momentum in 2025, supported by stable corporate bond issuances and moderate expansion in bank credit. While the second quarter saw a surge in corporate bond issuances, the second half saw a moderation as yields rose amid prolonged global uncertainties.

Crisil Ratings maintained its leadership in corporate bond ratings. Its revenue grew 14.3% on year in Q4 2025, and 15.7% in FY 2025.

Crisil Global Analytics Center (GAC) saw growth in delegation of surveillance support to S&P Global Ratings and expanded analytical and operational support to S&P in new areas beyond Ratings.

Overall, the Ratings segment revenue grew 14.4% in Q4 2025 and 18.4% in FY 2025.

Crisil Integral IQ demonstrated resilience in 2025, gaining traction on the buy-side and in risk solutions. Crisil Coalition Greenwich benefited from momentum in corporate and investment banking (CIB) and completed the acquisition of PriceMetrix Co to scale up its wealth management business.

Crisil Intelligence saw demand for data analytics, consulting, and credit and risk solutions.

The research, analytics and solutions segment revenue grew 20.1% in Q4 2025 and 9.4% in FY 2025.

Crisil was recognised as a Leader in Risk Technology and Al by Chartis Research, improving its position from FY 2024. Overall, Crisil received 26 independent recognitions in FY 2025, comprising 20 from Chartis Research and 6 from a leading global research and advisory firm. Crisil was also certified as a Great Place To Work® for the sixth consecutive year and has been named among the Top 100 large organisations considered the Best Workplaces™ for Women.

Franchise activity continued during Q4 2025. Crisil Ratings hosted its 10^th Annual NBFC Summit: Navigating the growth-risk-funding trifecta to discuss opportunities shaping the sector in India. The business also co-hosted with S&P Global Ratings the India Credit Spotlight 2025: Strengthening Core, Striving for Global Heights event and discussed forces shaping India's credit trajectory.

Crisil Integral IQ participated in the International Association of Credit Portfolio Managers (IACPM) Fall Conference in Chicago; the RiskMinds International 2025 event in London; and the Summit for Asset Management (TSAM) in New York.

Coalition Greenwich hosted the Japan Asset Management roundtable in Tokyo; the Corporate Banking and Treasury Forum in Middle East 2025 in Dubai; and the Competitive Challenges Conference. It participated in the American Bankers Association annual convention in the US.

Crisil Foundation continued to drive community impact through Mein Pragati and Crisil RE, its flagship programmes. Under Mein Pragati, financial capability and inclusion efforts enabled outreach to an additional 4 lakh marginalised community members through the Sakhi cadre in Assam and Rajasthan. Through Crisil RE, the Foundation completed five water conservation initiatives in the drought-prone regions of Rajasthan and Maharashtra.