Crisil Limited · NSE:CRISIL
Crisil — Q3 2026 Earnings Presentation
23 slides from Crisil's earnings presentation, Oct 23, 2026
Slide 1: Cover letter to stock exchanges: Corporate Presentation Q3 2026
October 23, 2026 Listing Department Listing Department National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th floor P J Towers Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East) Mumbai 400 051 Dear Sirs, Sub.: Corporate Presentation Q3 2026 We are enc
Slide 2: Analyst presentation
October 23, 2026 Analyst presentation 1 Strictly confidential. Not for distribution
Slide 3: Disclaimer / Safe harbour
Disclaimer / Safe harbour This presentation has been prepared solely as a concise update of Crisil Limited’s (“Crisil” or “Company”) quarterly and/or annual results. By reading the presentation slides, you agree to be bound by the following limitations: (a) Crisil cannot give assurance to the correc
Slide 4: Agenda
Agenda 1. 2. 3. 4. 5. Crisil Overview Business Performance Financials Segment Environment Update Performance © 2026 Crisil Ltd. All rights reserved. 6. 7. Thought Corporate Social Leadership Responsibility 3
Slide 5: Crisil overview
Crisil overview We are a global, insights-driven analytics organisation whose extraordinary rigour and domain expertise give clients the confidence to make mission-critical decisions © 2026 Crisil Ltd. All rights reserved. Offers independent Offers insights, consulting, Offers strategic Offers solut
Slide 6: Agenda
Agenda 1. 2. 3. 4. 5. Crisil Overview Business Performance Financials Segment Environment Update Performance © 2026 Crisil Ltd. All rights reserved. 6. 7. Thought Corporate Social Leadership Responsibility 5
Slide 7: Key trends in macro and business environment
Key trends in macro and business environment India Recent actions by the RBI have helped stabilize the rupee. GDP growth forecast at 7.0% in FY27*, supported by domestic However, it may experience volatility due to an uncertain global demand but moderated by crude prices and weather shocks environme
Slide 8: Agenda
Agenda 1. 2. 3. 4. 5. Crisil Overview Business Performance Financials Segment Environment Update Performance © 2026 Crisil Ltd. All rights reserved. 6. 7. Thought Corporate Social Leadership Responsibility 7
Slide 9: Resilient performance amidst macro-economic uncertainty
Resilient performance amidst macro-economic uncertainty • Crisil Ratings continued to grow revenues and maintain its leadership position backed by investor preference for best-in- class assessments, despite an on-year decline in bond issuances 25.7% • Global Analytics Center saw growth in delegation
Slide 10: Agenda
Agenda 1. 2. 3. 4. 5. Crisil Overview Business Performance Financials Segment Environment Update Performance © 2026 Crisil Ltd. All rights reserved. 6. 7. Thought Corporate Social Leadership Responsibility 9
Slide 11: Financial performance for 9M and Q3 2026
Financial performance for 9M and Q3 2026 Income from operations Profit before tax (PBT) Profit after tax (PAT) ₹ crore ₹ crore ₹ crore +25.7% +21.0% +24.7% 3,228 864 654 2,567 715 525 © 2026 Crisil Ltd. All rights reserved. 9M 2025 9M 2026 9M 2025 9M 2026 9M 2025 9M 2026 +20.2% +5.3% +5.9% 1,095 262
Slide 12: Agenda
Agenda 5. 1. 2. 3. 4. Segment Crisil Overview Business Performance Financials Performance - environment Update © 2026 Crisil Ltd. All rights reserved. Ratings Services 6. 7. Thought Corporate Social Leadership Responsibility 11
Slide 13: Corporate bond issuances declined 6% in 9M 2026; bank credit growth robust
Corporate bond issuances declined 6% in 9M 2026 despite a low-base-driven 36% increase in Q3, while bank credit growth remained robust Bond issuance quantum (Rs. billion) Bank Credit growth (%) 8,950 -6% 25.0% 8,407 21.6% 20.0% 19.1% 16.9% 15.0% 3,092 36% 2,278 10.0% 5.0% Aug-24 Aug-25 Aug-26 Oct-25
Slide 14: Ratings Services performance highlights
Ratings Services performance highlights Financials Particulars Particulars 9M 2025 9M 2026 Growth Q3 2025 Q3 2026 Growth (Rs crore) (Rs crore) Income from Income from 787.8 973.4 23.6% 268.2 345.6 28.9% operations operations © 2026 Crisil Ltd. All rights reserved. Segment profit 357.2 453.3 26.9% Se
Slide 15: Agenda
Agenda 5. 1. 2. 3. 4. Segment Crisil Overview Business Performance Financials Performance - Environment Update Research, Analytics © 2026 Crisil Ltd. All rights reserved. and Solutions 6. 7. Thought Corporate Social Leadership Responsibility 14
Slide 16: Domestic asset flows, low NPAs augur well for Indian financials
Domestic asset flows, low NPAs augur well for Indian financials Indian banking sector gross NPAs (%) India mutual funds AUM* 7.50% 8,950 8,527 Rs ‘000 crore 8,267 8,252 7,827 5.90% 7,315 © 2026 Crisil Ltd. All rights reserved. 6,869 6,831 6,644 3.90% 2.80% 2.30% 1.80% FY21 FY22 FY23 FY24 FY25 FY26 Q
Slide 17: CIB: Revenue growth, cost optimisation, improving Return on Equity
CIB: Revenue growth, cost optimisation, and diligent use of capital have led to improving Return on Equity in recent years CIB Revenue Pools(1) ($ Billion) CIB Return on Equity(2) (%) 800 20% © 2026 Crisil Ltd. All rights reserved. 600 15% 400 10% 200 5% 0 0% FY20 FY21 FY22 FY23 FY24 FY25 FY26F FY20
Slide 18: Research, Analytics & Solutions performance highlights
Research, Analytics & Solutions performance highlights Financials Particulars Particulars 9M 2025 9M 2026 Growth Q3 2025 Q3 2026 Growth (Rs crore) (Rs crore) Income from Income from 1,781.2 2,256.4 26.7% 643.6 749.9 16.5% operations operations © 2026 Crisil Ltd. All rights reserved. Segment profit 3
Slide 19: Agenda
Agenda 5. 1. 2. 3. 4. Segment Crisil Overview Business Performance Financials Performance - environment Update Research, Analytics © 2026 Crisil Ltd. All rights reserved. and Solutions 6. 7. Thought Corporate Social Leadership Responsibility 18
Slide 20: Thought leadership
Thought leadership Flagship Events Selected external speakership In the press Select blogs/reports published © 2026 Crisil Ltd. All rights reserved. Panelist at Infrastructure Today Select case studies published Railways Conclave 2026 1st edition of Crisil Ratings India Inc Summit 2026 Selected exte
Slide 21: Agenda
Agenda 5. 1. 2. 3. 4. Segment Crisil Overview Business Performance Financials Performance - Environment Update Research, Analytics © 2026 Crisil Ltd. All rights reserved. and Solutions 6. 7. Thought Corporate Social Leadership Responsibility 20
Slide 22: Creating sustainable impact across communities and the environment
Creating sustainable impact across communities and the environment Financial awareness and inclusion to the ‘last-mile’ communities Enhancing the collective social consciousness through volunteering campaigns Mein Pragati: ~2,650 new Sakhis onboarded in new Marquee volunteering drives organised acro
Slide 23: About Crisil
About Crisil Crisil is a global, insights-driven analytics company. Our extraordinary domain expertise and analytical rigour help clients make mission-critical decisions with confidence. Large and highly respected firms partner with us for the most reliable opinions on risk in India, and for uncover