Crisil - U.S. Bounce Back Could Drive 2021 Top-Line Growth: Centrum Broking 
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Crisil - U.S. Bounce Back Could Drive 2021 Top-Line Growth: Centrum Broking 

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 Q1 CY21 results were strong mainly led by higher Ebitda margins and healthy adjusted profit after tax growth of 19%.

Greenwich posted a lower loss year-on-year. Top-line was a miss led by research though ratings performed better and grew by 11.8% YoY.

However, opex saw a positive surprise which supported Ebitda.

Hence Ebitda margin at 25.7% was a beat and adjusted profit after tax saw a healthy 19% YoY growth to Rs 961 million.

With the Greenwich acquisition, North America contributes 41.3% to total revenues and with the U.S. economy slated for a strong bounce back in CY21 as indicated by economic indicators, the company could be a major beneficiary.

Click on the attachment to read the full report:

Centrum CRISIL- Q1CY21 Result Update .pdf

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