India's CRISIL set for worst day in 3 weeks as quarterly profit drops
16/04/2024 09:36
** Shares of CRISIL CRSL.NS down 2.5%, on pace for their
worst day in three weeks
** The analytics and ratings firm reports 5.5% drop in March
qtr net profit
** Rev rose 3.2%, but was outpaced by 4.6% jump in costs
** "Global banking clients remain cautious because of
macroeconomic and geopolitical uncertainties," says Amish Mehta,
MD and CEO
** Trading vol 1.9x the 30-day daily avg
** Stock rose ~17% in March quarter, its fifth straight
quarterly gains
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))