CRISIL Ltd. — Regulatory Filings 2021

Feb 13, 2021

February 13, 2021

Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5th floor Plot No. C/1, G Block Bandra-Kurla Complex Bandra (East) Mumbai 400 051

Listing Department BSE Limited P J Towers Dalal Street Mumbai 400 001

Dear Sirs

Sub.: CRISIL Limited – Audited Financial Results published on February 13, 2021 in Business Standard and Navshakti

Kindly be informed that the Audited Financial Results of the Company for the quarter and year ended December 31, 2020 were published today i.e. on February 13, 2021 in newspapers, Business Standard and Navshakti. A print layout copy of the same is enclosed.

Kindly inform your members accordingly.

Yours faithfully, For CRISIL Limited Minal Bhosale Company Secretary MINAL AMIT BHOSALE Digitally signed by MINAL AMIT BHOSALE Date: 2021.02.13 14:56:37 +05'30'

Encl.:

ACS 12999

CRISIL Limited

Corporate Identity Number: L67120MH1987PLC042363

CRISIL LIMITED CRISIL

Regd. Office: CRtSIL House, Central Avenue, Hiranandani B~iness Park, Powal, Mumbai · 400 076. CIN: L67120MH1987PLC042363 All S&P Global Company Tel.: 022·33423000; Fax: 022·33423001 ; Website: www.ctlsll.com; E-mail: 1nvesto1s@ctlsll.com

EXTRACT OF FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED DECEMBER 31 , 2020

	- 3MonU,s
			- Consolidated					- - Standalone
SI. Particulars No	ended 31-Dec-20 Audlled (Refer note3)	3 Months encled 30-Sei>-20 Audited (Refer note3)	Corres, ponding 3 Months encled 31·Dec·19 Unaudited (Refer note3)	Year ended 31-t>ec-20 Audited (Refer note3)	Year ended 31·Dec·19 Audited (Refer note 3)	3Months ended 31-0ec-20 Audited (Refer note 3)	3 Months ended 30-Sep,,20 Audited (Refer note3)	Corres- ponding 3Months ended 31·0ec·19 Unaudited (Reier note3)	Year ended 31·Dec·20 Audited (Refer note 3)	Year ended 31•DeC•19 Audited (Refer note3)
											1 Total income from operations	597.24	484.99	464.29	1,981 .83	1,731.72	235.46	228.26	2 15.55	888.78	839.01
											2 Net Proftt/(loss) for the period (before Tax and/or Exceptional items)	134.08	114.12	132.10	458.29	491 .59		67.44	25.77	218.33	197.18
3 Net ProhV(Loss) for the period (before tax)	134.08	114.12	132.10	458.29	491.59	50.57	67.44	25.77	218.33	197.18
4A Net ProfiV(Loss) for the period after tax from continuing operations (after Exceptional and/or Extraordinary [terns)	110.04	90.23	95.33	354.73	343.95	40.16	50.28	15.19	166.72	135.51
46 Net ProfiV(Loss) for the period after tax from discontinuing operations - pertains to operations transferred to wholly owned subsidiary of CRISIL Limited [after Exceptional and/or Extraordinary items (Refer note 3))						(103.80)	29.70	38.89	-	130.78
4 Net Profrt/(Loss) for the period after tax from continuing and discontinuing operations ((after Exceptional and/or Extraordinary items) [4A + 4 BD	110.04	90.23	95.33	354.73	343.95	(63.64)	79.98	54.08	i66.72	266.29
5 Total Comprehensive Income for the period (Comprising Profit/(Loss) for the period (after tax) and Other Comprehensive Income (after tax))	167.73	84.88	145.80	345.88	256.20	(18.66)	71 .87	78.68	137.81	170.35
Equity Share Capital	7.26	7.25	7.23	7.26	7.23	7.26	7.25	7.23	7.26	7.23
7 Reserves (excluding revaluation reserve)				1,304.55	1,164.69				688.06	751 .52
8 Earnings Per Share (oft 1/· each) (for continuing and discontinuing operations)
1. Basic : (Not annualised)	15.16	12.44	13.18	48.93	47.6 1	(8.77)	11.03	7.48	23.00	36.86
2. Diluted: (Not annualised)	15.14	12.43	13.16	48.90	47.55	(8.75)	11.02	7.46	22.98	36.81
Notes:	-	-			-		50.57	j I I	-	- -

1. The above results have been reviewed by the Audit Commiltee and subsequently approved by the Board of Directors of the Company at its meeting held on February 11 , 2021.

2. The financial results have been prepared in aooordance with the applicable accounting standards. as notified under the Companies (lndlan Aooounting Standards) Rules, 2015 and as specified in Section 133 of the Companies Act.

3. 1. In compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, an audit of the above results has been carried out by the Statutory Auditors of the Company. The figures of quarters ended December 31. 2020 and December 31 , 2019 are the balancing figures between audited figures of the full year ended December 31 , 2020 and December 31 , 2019 and unaudited published year to date figures up to period ended Septembtlr 30, of the respective years.
4. 1. Securities and Exchange Board of India (SEBI) notifications dated May 30, 2018 and September 19, 2018, under the SEBI (Credit Rating Agencies) Regulations, 1999, have mandated segregation of Ratings and Non-Ratings businesses of Credit Rating Agencies. Pursuant to, and In order to comply with these notifications, CAI SIL Limited Board of Di rectors approved transfer of the Ratings business to CRIS IL Ratings limited, (incorporated on June 3, 2019), a wholly owned subsidiary of the CRISIL Limited. This transfer has been undertaken through a 'Scheme or arrangement in terms of Section 230 to 232 of the Companies Act, 2013 ('Scheme') which has been approved by Stock Exchanges. The Scheme has been sanctioned by the National Company Law Tribunal ( NCL T) with appointed date as January 1 , 2020 and the oe rtified copy of the Order dated June 8, 2020 has been received on July 7, 2020 which has been filed with Registrar of Companies on July 20, 2020. Further SEBI and Reserve Bank of India (RBI) has given necessary approval on December 4, 2020 and December 31 , 2020, respectively, to CRISIL Aallngs Limited to act as a Credit Rating Agency. On receipt of approval, the Scheme became effec!Jve on December 31, 2020 wilh the appointed date of January 1, 2020. The whole of the assets and liabilities of the transferred business became the assets and liabilities of the resulting company (i.e CRISIL Ratings Limited) and were transferred at their book value as per the Order, as appearing in the books of the CRISIL Limited with ettect from the appointed date. The effect of transler of assets, liabilities, income and expense has been considered in current quarter thereby impacting the net profit of discontinued operations and total net profit or current quarter in standalone financial results.
5. 1. The above is an extract of the detailed format of quarter ended Financial Results 61ed with the Stock Exchanges. The full format of the quarter ended Financial Results are available on www.crisit.com and also on the websites of SSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www. nseindia. com).

Mumbai, February 11, 2021

For and on behalf of the Board of Directors of CRISIL Limited Ashu Suyash Managing Director and Chief Executive Officer DIN : 00494515