CRISIL Q1 FY26 profit jumps 46%; ₹9 interim dividend

Results snapshot and why it matters

CRISIL Ltd reported a sharp year-on-year rise in profit for the quarter ended March 31, 2026 (Q1 FY26), supported by faster growth in operating income and a favourable foreign exchange impact. The company’s Board approved the unaudited standalone and consolidated financial results at its meeting on April 17, 2026. Alongside the results, the Board declared an interim dividend of ₹9 per equity share (face value ₹1 each), signalling confidence in the company’s ongoing performance.

The update drew investor attention because it combined strong earnings growth with a higher interim dividend. CRISIL also pointed to macro risks while maintaining a base-case view on India’s growth for the fiscal year, adding a broader economic context to the quarter’s performance.

Key financial performance in Q1 FY26

On a consolidated basis, income from operations increased 30.1% year-on-year to ₹1,057.7 crore from ₹813.2 crore in the same quarter last year. Consolidated total income rose 29.6% to ₹1,093.7 crore from ₹843.8 crore.

Profitability improved at a faster pace than revenue. Profit before tax (PBT) increased 35.7% to ₹308.4 crore compared with ₹227.3 crore a year earlier. Profit after tax (PAT) rose 45.9% to ₹233.3 crore from ₹159.8 crore.

Earnings per share also strengthened. Basic and diluted EPS for Q1 FY26 were ₹31.90, up from ₹21.86 in Q1 FY25.

A closer look at the numbers

The company described the quarter as resilient, with strong growth in income from operations and PBT on a year-on-year basis. It also benefited from rupee depreciation and accelerated renewals during the quarter, according to the information shared.

While CRISIL’s release emphasised consolidated performance, it also noted that the Board approved both standalone and consolidated unaudited results for the quarter. The company’s communication reiterated steady performance across ratings and analytics segments, alongside continued global operations expansion and stable financial positioning.

Foreign exchange impact boosted Q1 FY26 PBT

A notable factor in the quarter was the net impact of foreign exchange movements, which was favourable. CRISIL reported that Q1 FY26 PBT includes a foreign exchange gain of ₹14.4 crore, compared with a foreign exchange loss of ₹5.2 crore in the same period of 2025.

This swing in FX impact is important because it directly supports the year-on-year increase in PBT. The company explicitly highlighted the favourable FX impact as part of the quarter’s story.

Interim dividend: amount, record detail, and payment date

CRISIL declared an interim dividend of ₹9 per equity share. The dividend is payable on May 8, 2026, as stated in the provided information. The Board’s decision to raise the interim dividend to ₹9 per share was presented as reflecting confidence in the company’s ongoing performance.

The company described the dividend as an interim dividend for equity shares with face value ₹1 each. The approval date for the results and the dividend declaration was April 17, 2026.

Stock market reaction: shares climb on results

Following the earnings announcement, CRISIL shares traded higher. The stock was reported at ₹4,332.20, up 5.28% from the previous close on the Bombay Stock Exchange in one update. Another market update noted the stock gained more than 6% on strong volumes, and at around 2:45 PM the shares were quoted at ₹4,342.50.

The price action aligned with the combination of strong year-on-year profit growth and the interim dividend declaration.

India GDP view from CRISIL: base case and downside scenario

CRISIL also shared its outlook for India’s gross domestic product (GDP) growth. It expects GDP to expand by 7.1% in the baseline scenario for the fiscal year, compared with 7.6% in the previous fiscal year, while flagging increased downside risks.

It added that if conflicts and disruptions extend into April, GDP growth could slow to 6.8% for the fiscal year. The reasons cited were shortages in energy supply and rising input and logistics costs.

Summary table: Q1 FY26 vs Q1 FY25

Key dates and market checkpoints

Market impact: what investors are reacting to

The market response appeared driven by three reported elements: strong year-on-year growth in operating income, faster growth in PAT, and the interim dividend declaration. The headline numbers were clear: revenue from operations rose to ₹1,057.7 crore and PAT rose to ₹233.3 crore for the quarter.

The favourable FX impact added an extra support to profitability, with a ₹14.4 crore FX gain in Q1 FY26 versus a ₹5.2 crore loss in Q1 FY25. Investors also had a direct cash-return signal through the ₹9 interim dividend, scheduled for payment on May 8, 2026.

Analysis: why the quarter stands out

CRISIL’s quarter stands out because profit growth outpaced revenue growth, with PAT up 45.9% against a 30.1% rise in income from operations. The disclosure also makes it clear that foreign exchange movements helped PBT this time, reversing last year’s loss, which strengthens the overall year-on-year comparison.

At the same time, CRISIL’s GDP commentary introduces a cautious macro layer. The company’s baseline GDP growth forecast of 7.1% comes with an explicit downside case of 6.8% tied to conflict-related disruptions, energy supply constraints, and higher logistics and input costs. This combination of strong quarterly execution and stated macro risks provides context for how the company is framing the operating environment.

Conclusion and what to watch next

CRISIL delivered higher revenue, higher profit, and higher EPS in Q1 FY26, and backed the performance with an interim dividend of ₹9 per share payable on May 8, 2026. The Board approved the unaudited results on April 17, 2026, and the stock traded higher following the announcement.

Investors will watch for subsequent quarterly updates and any changes to CRISIL’s macro assumptions, particularly its baseline 7.1% GDP growth view and the risks flagged around energy supply, input costs, and logistics disruptions.