Crisil Q2 FY2026 Revenue Up 27.6%, Declares Rs 10 Dividend

Crisil Ratings maintained leadership position despite steep decline in bond issuances
Crisil Global Analytics Center saw growth in delegation of surveillance support to S&P Global Ratings
Crisil Coalition Greenwich saw momentum in Corporate and Investment Banking and continued traction in Commercial Banking
Crisil Integral IQ saw demand for Credit Lending Solutions and Fundamental Research
Crisil Intelligence saw continued demand for data analytics, consulting, and credit and risk solutions
Continued strengthening competitiveness by building domain-led products and implementing AI upgrades

Ratings Services Segment:

H1 2026 Income from operations: Rs 627.8 crore (20.8% growth from H1 2025)
H1 2026 Segment profit: Rs 298.1 crore (26.0% growth from H1 2025)
H1 2026 Margin: 47.5% (vs 45.5% in H1 2025)
Q2 2026 Income from operations: Rs 305.1 crore (21.4% growth from Q2 2025)
Q2 2026 Segment profit: Rs 135.2 crore (31.1% growth from Q2 2025)
Q2 2026 Margin: 44.3% (vs 41.0% in Q2 2025)

Research, Analytics & Solutions Segment:

H1 2026 Income from operations: Rs 1,506.5 crore (32.4% growth from H1 2025)
H1 2026 Segment profit: Rs 324.1 crore (48.5% growth from H1 2025)
H1 2026 Margin: 21.5% (vs 19.2% in H1 2025)
Q2 2026 Income from operations: Rs 770.9 crore (30.1% growth from Q2 2025)
Q2 2026 Segment profit: Rs 157.1 crore (32.9% growth from Q2 2025)
Q2 2026 Margin: 20.4% (vs 20.0% in Q2 2025)

Q2 2026 Income from operations growth: 27.6%
H1 2026 Income from operations growth: 28.8%
Q2 2026 Profit before tax (PBT) growth: 30.1%
Interim dividend of Rs 10 per share declared in Q2 FY2026 vs Rs 9 per share in same quarter last year
Net impact of foreign exchange movement was a loss of ₹8.2 crore in Q2 2026 vs gain of ₹14.4 crore in Q1 2026

Building domain-led products and implementing AI upgrades to enhance client experience, sharpen insights, and improve efficiency
Expanded analytical and operational support to S&P in new areas
PriceMetrix acquisition reflected in Q2 2026 and H1 2026 results

India:

GDP expected to grow at 6.6% in current fiscal vs 7.6% last fiscal
Growth supported by robust government capex, resilient services exports, and private consumption
Inflation projected to rise to 5.1% in fiscal 2027 from 2.0% last fiscal
Rupee under pressure driven by widening current account deficit and volatile capital flows

Global:

Global GDP growth forecast at 3.1% in 2026 (10 bps markdown from previous forecasts)
U.S. economy expected to grow at 2.1% in 2026
Energy supply shock driving up global inflation, leading to renewed bias toward raising policy rates
ECB recently hiked rates by 25 bps
Investment Banking and Markets revenues projected to grow by 45% and 28% respectively in Q2 2026

Crisil Foundation expanded community impact through Mein Pragati and Crisil RE programs
Reached additional 2.65 lakh people through Sakhi cadre in Assam and Rajasthan
1.4 lakh linkages facilitated
707 centres operational under RBI's CFL project scale-up, reaching over 22 lakh individuals across 13 states and 4 UTs
Four water conservation structures completed in drought-prone Udaipur and Raigad
Various volunteering drives organized across India locations

Global, insights-driven analytics organization providing independent credit ratings in India
Offers insights, consulting, technology-driven risk solutions and advanced data analytics
Provides strategic benchmarking, analytics and insights to financial services industry
Offers solutions and actionable intelligence to financial institutions globally
Headquartered in India, majority owned by S&P Global
Founded in 1987 as India's first credit rating agency
Global workforce operates in Americas, Asia-Pacific, Europe, Australia and Middle East