CRISIL Q1 FY26: Revenue up 30%, PAT up 46%, ₹9 dividend

CRISIL Q1 FY26 results: what changed this quarter

CRISIL Ltd reported a resilient set of unaudited results for the first quarter ended March 31, 2026 (Q1 FY26), showing strong year-on-year growth across revenue and profitability. The company’s Board approved the standalone and consolidated financial results on April 17, 2026. Consolidated income from operations rose sharply compared with the same quarter last year, while profit before tax and profit after tax also moved higher. The quarter also reflected a favourable foreign exchange impact, which supported profitability. Alongside the results, CRISIL declared an interim dividend of ₹9 per equity share of face value Re 1. The dividend is scheduled to be paid on May 8, 2026. The announcement triggered a strong reaction in the stock, with shares gaining more than 6% during the session on strong volumes.

Board approval and dividend decision

The company said its Board of Directors approved the unaudited financial results for Q1 FY26 at the meeting held on April 17, 2026. On the same date, the Board declared an interim dividend of ₹9 per equity share. The dividend was described as 900% given the Re 1 face value per share. The company also noted that the quarter benefited from rupee depreciation and accelerated renewals. The dividend is payable on May 8, 2026, as per the company’s disclosures. The dividend announcement became one of the key takeaways for investors tracking total shareholder returns. Market participants also monitored the company’s operating momentum given the year-on-year improvement in both top line and bottom line.

Consolidated income from operations rises 30.1% YoY

CRISIL’s consolidated income from operations for Q1 FY26 came in at ₹1,057.7 crore. This represents a 30.1% rise over ₹813.2 crore in the corresponding quarter of the previous year (Q1 FY25). The company also reported consolidated total income of ₹1,093.7 crore, up 29.6% from ₹843.8 crore a year earlier. These figures reflect a strong expansion in reported income for the period. In one of the disclosures, consolidated revenue from operations was stated at ₹1,057.66 crore, aligning with the same operating income level reported for the quarter. The improvement in income from operations was highlighted as a key quarterly milestone by the company.

Profitability improves: PBT up 35.7%, PAT up 45.9%

On profitability, CRISIL reported profit before tax (PBT) of ₹308.4 crore in Q1 FY26. This was up 35.7% from ₹227.3 crore in Q1 FY25. Profit after tax (PAT) rose 45.9% year-on-year to ₹233.3 crore, compared with ₹159.8 crore in the year-ago quarter. Another reported figure placed net profit for Q1 FY26 at ₹233.26 crore, consistent with the same PAT level. The company’s results were described as showing steady performance. The combination of higher income and improved profitability drove a sharp year-on-year rise in earnings for shareholders.

EPS climbs to ₹31.90 in Q1 FY26

The quarter also showed a clear increase in per-share earnings. Basic earnings per share (EPS) for Q1 FY26 stood at ₹31.90, up from ₹21.86 in Q1 FY25. The company reported diluted EPS at the same ₹31.90 level for the quarter, again higher than ₹21.86 a year ago. The EPS increase mirrors the rise in profit after tax reported during the period. For many investors, EPS movement provides a quick view of how net profit changes translate into shareholder-level earnings. In CRISIL’s case, the year-on-year improvement was material.

Foreign exchange impact supported Q1 FY26 PBT

CRISIL said the net impact of foreign exchange movement was favourable during the quarter. Q1 FY26 PBT included a foreign exchange gain of ₹14.4 crore. This compares with a foreign exchange loss of ₹5.2 crore in the same period in 2025. The swing from a loss to a gain helped support reported profit before tax in Q1 FY26. The company also referenced rupee depreciation as one of the factors that benefited the quarter. While the underlying operating drivers are not fully detailed in the provided information, the disclosed forex line item explains part of the year-on-year movement in PBT.

Stock reaction: CRISIL shares jump after results

Following the results announcement, CRISIL shares rose strongly during the trading session. Reports noted that the stock gained more than 6% on strong volumes after the company announced Q1 numbers. At one point, the stock was trading at ₹4,332.20, up 5.28% from the previous close on the Bombay Stock Exchange. The move indicates that the market responded positively to the combination of higher profit, revenue growth, and the interim dividend declaration. The price action also aligned with broader news coverage describing a jump in net profit and an interim dividend announcement.

Key numbers at a glance

CRISIL’s macro view: GDP growth seen moderating

Alongside earnings-related updates, CRISIL also provided its expectation for India’s growth trajectory. It said it expects India’s GDP to grow at 7.1% in the base case for the fiscal year, compared with 7.6% in the last fiscal year. The company also flagged increasing downside risks to its base case. It added that if conflicts and disruptions extend into April, GDP growth could slow to 6.8% for the fiscal year. The stated reasons include shortages in energy supply and rising input and logistics costs. This macro commentary is relevant because CRISIL operates in credit ratings and analytics, where demand and risk assessment are closely linked to economic conditions.

Why these results matter for investors

CRISIL’s Q1 FY26 numbers show a clear year-on-year acceleration in both operating income and profitability. Revenue growth of 30.1% and PAT growth of 45.9% indicate that earnings expanded faster than income in this quarter. The favourable foreign exchange movement, including the ₹14.4 crore gain in PBT versus a loss last year, was an additional support factor. The interim dividend of ₹9 per share provides a concrete shareholder payout detail, with a stated payment date of May 8, 2026. In the near term, investors are likely to track how much of the profitability improvement is driven by operating factors versus currency-related movements.

Conclusion

CRISIL’s Q1 FY26 performance was marked by strong year-on-year growth in income from operations, a sharp rise in profit after tax, and a favourable foreign exchange impact. The Board approved the unaudited results on April 17, 2026 and declared an interim dividend of ₹9 per share, payable on May 8, 2026. The stock responded with a strong move upward during the session, reflecting investor focus on the earnings beat and the dividend announcement. CRISIL’s GDP outlook of 7.1% base-case growth, with downside risk scenarios, provides additional context for how the company is viewing the operating environment going forward.