CRISIL Q1 FY26: Profit jumps 46%, dividend Rs 9

What CRISIL reported for Q1 FY26

CRISIL Ltd posted a year-on-year improvement across revenue and profitability for the first quarter ended March 31, 2026 (Q1 FY26). The company reported higher income from operations and a sharper rise in profit, supported by a favourable foreign exchange movement during the quarter. The board also approved a higher interim dividend, taking the payout to Rs 9 per equity share.

The results were disclosed through the company’s unaudited standalone and consolidated financials. The approval came at a board meeting held on April 17, 2026. The quarter is the January to March period referenced in market reports covering CRISIL’s Q1 performance.

Board approval and key dates

CRISIL said its Board of Directors approved the unaudited financial results for the first quarter ended March 31, 2026, at its meeting on April 17, 2026. Alongside the financials, the board approved a first interim dividend for FY26.

The interim dividend declared is Rs 9 per equity share (face value Re 1). The dividend is scheduled to be paid on May 8, 2026, as stated in the company’s disclosures.

Revenue from operations rises 30% year-on-year

On a consolidated basis, revenue from operations for Q1 FY26 came in at Rs 1,057.66 crore, compared with Rs 813.18 crore in Q1 FY25. That translates into a year-on-year growth of about 30.06%.

Consolidated total income (which includes other income) also increased. For Q1 FY26, total income stood at Rs 1,093.67 crore, up from Rs 843.8 crore in the corresponding quarter last year, a year-on-year growth of 29.6%.

Profit growth outpaces revenue

CRISIL’s profit before tax (PBT) for Q1 FY26 was Rs 308.38 crore, up from Rs 227.27 crore in Q1 FY25, reflecting a year-on-year increase of 35.7%.

Profit after tax (PAT) rose to Rs 233.26 crore, compared with Rs 159.84 crore a year ago. Multiple reports summarised this as a 45.9% jump in net profit for the quarter.

Earnings per share also moved higher. Basic and diluted EPS for Q1 FY26 were reported at Rs 31.90, compared with Rs 21.86 in Q1 FY25.

Operating performance and margin picture

The operating profit reported for Q1 FY26 was Rs 279.15 crore, versus Rs 202.23 crore in Q1 FY25, implying a year-on-year rise of 38.04%.

CRISIL’s operating margin for the quarter was listed at 26.39%, with the comparison noted on a year-on-year basis. While profit growth was strong versus last year, sequential numbers showed a softer quarter compared with the immediately preceding period presented in the quarterly table.

Foreign exchange impact and rupee movement

A notable feature of the quarter was the swing in foreign exchange impact. CRISIL stated that the net impact of foreign exchange movement was favourable in Q1 FY26.

The company said Q1 FY26 PBT includes a foreign exchange gain of Rs 14.4 crore, compared with a foreign exchange loss of Rs 5.2 crore in the same period in 2025. CRISIL also referenced benefits from rupee depreciation and accelerated renewals alongside the dividend increase.

Costs and sequential movement versus Dec 2025

The quarterly financial table shows that revenue was marginally lower sequentially, with total revenue of Rs 1,057.66 crore in Mar 2026 versus Rs 1,081.57 crore in Dec 2025. Net income was Rs 233.26 crore in Mar 2026 versus Rs 241.50 crore in Dec 2025.

Expenses edged up in key lines. Total operating expense was Rs 778.51 crore in Mar 2026 compared with Rs 777.10 crore in Dec 2025, while selling, general and administrative expenses totalled Rs 651.17 crore versus Rs 644.17 crore over the same comparison.

Interim dividend: Rs 9 per share

CRISIL declared an interim dividend of Rs 9 per equity share for FY26. Several reports described this as an interim dividend of 900% on a Re 1 face value share, which is consistent with the declared amount.

The company stated the dividend will be payable on May 8, 2026. The declaration accompanied the board’s approval of Q1 FY26 unaudited results.

Stock reaction after the results

Market reports noted a positive reaction in the stock after the Q1 print. One update stated CRISIL’s shares were up about 5% after the results.

A separate market snapshot said the stock was trading at Rs 4,332.20, up 5.28% from the previous close on the BSE. Reports also referenced the stock gaining more than 6% during the session on strong volumes following the earnings announcement.

Macro view: CRISIL’s GDP projection

Alongside earnings, CRISIL reiterated its macro expectations. CRISIL expects India’s GDP to grow at 7.1% in the base case for the fiscal year, compared with 7.6% last fiscal.

The company also flagged downside risks. It said if conflicts and disruptions extend into April, GDP growth could slow to 6.8% for the fiscal, citing potential energy supply shortages and higher input and logistics costs.

Key Q1 FY26 numbers at a glance

Why the update matters for investors

The Q1 FY26 numbers show CRISIL’s profit growth outpacing revenue growth on a year-on-year basis, with PBT and PAT rising faster than income from operations. The quarter also highlights how foreign exchange movement can meaningfully affect reported profitability, with a gain in Q1 FY26 versus a loss last year.

At the same time, sequential comparisons in the quarterly table indicate a softer quarter versus Dec 2025 for revenue, operating income, and net income, even as the year-on-year trend remained strong. For investors tracking the stock, the interim dividend announcement and the market’s immediate positive response were key near-term takeaways.

What to watch next

CRISIL has already set out its base-case GDP view for the fiscal year and outlined downside scenarios tied to disruptions and cost pressures. For the company, the next set of disclosures will help investors assess whether the pace of growth in income from operations and profitability sustains beyond Q1 FY26, and how currency movements continue to influence reported results.