BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
CRISIL Ltd.’s Q3 CY20 overall results were a beat on profit after tax mainly led by other income.
Revenue was in-line (up11.3% YoY) largely led by research (up 22.1% YoY). Excluding Greenwich, the research segment grew by 3.5% YoY.
Other income surprised positively led by income from sale of duty free scrips though opex saw a slight spike sequentially.
Overall PAT for nine month of CY20 was Rs 3.24 billion (down 9.7% YoY) that included the Greenwich loss and excluding the same consolidated PAT would have been up 4.0% YoY.
We like CRISIL owing to its global presence, strong parentage, diversified businesses and geographic spread though recent price appreciation leaves limited upside.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.