CRISIL Ltd

Q2 FY26Finance

CRISIL Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹4,504

Market cap₹33.5K Cr

P/E37.9

Updated24 Sept 2026

Read3 min read

Based on CRISIL Ltd's Q2 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Research, Analytics & Solutions segment Q3 2025 income from operations: ₹643.6 crore, up 12.7% YoY from ₹571.2 crore in Q3 2024 (Page 19). EBITDA (Profit before tax, PBT) for Q3 2025: ₹262.3 crore, up 14.8% YoY from ₹228.5 crore in Q3 2024 (Page 12).

From CRISIL Ltd's Q2 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Research, Analytics & Solutions segment Q3 2025 income from operations: ₹643.6 crore, up 12.7% YoY from ₹571.2 crore in Q3 2024 (Page 19).
Ratings Services segment Q3 2025 income from operations: ₹267.6 crore, up 11.2% YoY from ₹240.6 crore in Q3 2024 (Page 15).
Overall Q3 2025 income from operations: ₹911.2 crore (Page 12), representing 12.2% growth YoY.
Bond issuance volume fell 32.9% YoY in Q3 2025 at ₹2,237 billion from ₹3,335 billion in Q3 2024 (Page 14).

2 more points management made on revenue & sales performance

Profitability & Margins

EBITDA (Profit before tax, PBT) for Q3 2025: ₹262.3 crore, up 14.8% YoY from ₹228.5 crore in Q3 2024 (Page 12).
Operating margin is not explicitly mentioned; however, segment margins for key businesses are:
Ratings Services margin: 44.9% in Q3 2025, down from 48.2% in Q3 2024 (Page 15).
Research, Analytics & Solutions margin: 22.0% in Q3 2025, up from 18.3% in Q3 2024 (Page 19).

2 more points management made on profitability & margins

See what CRISIL Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The investor presentation does not describe any capex, capacity expansion, or new plant/project details including amounts, status, or timelines. It focuses on financial performance, business segments, thought leadership, corporate social responsibility initiatives, and market environment without mentioning any capital expenditure or capacity expansion plans.

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The investor presentation does not mention any fundraising through debt or equity, nor does it mention any changes in borrowings or net debt. Key points related to financials and capital are: - An interim dividend of ₹16 per share declared in Q3 FY25 (Page 10). - No information provided on new borrowings, debt issuances, equity fundraising, or changes in net debt.

- Bond issuances declined 32.9% year-on-year in Q3 2025, indicating a slowdown in bond market activity but no company-specific debt fundraising mentioned (Page 14). - The presentation focuses on segmental and overall financial performance, revenue growth, and business updates with no reference to changes in debt or equity capital structure. Overall, the presentation is silent on any fundraising or borrowing activities.

2 more points management made on fundraising & capital structure

See what CRISIL Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation "737.pdf" does not report specific details on order book, order inflow, or pending orders. It primarily focuses on: - Financial performance and segment-wise income, profit, and margins. - Growth and traction across Crisil’s business segments like Ratings Services, Research, Analytics & Solutions.

2 more points management made on order book & pipeline

CRISIL Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.1K Cr, net profit ₹233 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What CRISIL Ltd's management said in earlier quarters

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Frequently Asked Questions

What were CRISIL Ltd Q2 FY26 results?

What is CRISIL Ltd share price analysis?

CRISIL Ltd currently shows a neutral. The stock trades at a P/E of 37.9 with a market cap of ₹33,475 Cr. Investors should review the full earnings analysis for detailed insights.

Is CRISIL Ltd planning capital expenditure?

The investor presentation does not describe any capex, capacity expansion, or new plant/project details including amounts, status, or timelines.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.