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Crisil Q4 PAT rises 7.5% YoY

Crisil Q4 PAT rises 7.5% YoY

by | Feb 14, 2026 | Share Market


Crisil’s consolidated total income for Q4 2025, rose 17.5% to Rs 1,108.7 crore, compared with Rs 943.2 crore in Q4 2024.

On a consolidated basis, the company’s income from operations for Q4 2025 was up 18.5% to Rs 1,081.6 crore, compared with Rs 912.9 crore in Q4 2024. Profit before tax for Q4 2025 was up 10.9% to Rs 326.5 crore, compared with Rs 294.5 crore in Q4 2024. Profit after tax was up 7.5% to Rs 241.5 crore, compared with Rs 224.7 crore in Q4 2024.

Crisil’s consolidated income from operations in FY 2025, was up 11.9% to Rs 3,649 crore, compared with Rs 3,259.8 crore in FY 2024. Consolidated total income, rose 12.1% to Rs 3,755.6 crore, compared with Rs 3,349.4 crore in FY 2024. Profit before tax was up 12.4% to Rs 1,041 crore, compared with Rs 926.5 crore in FY 2024. Profit after tax was up 12% to Rs 766 crore, compared with Rs 684.1 crore in FY 2024.

 

The above results include impact of new labour codes of Rs 16.8 crore for the fourth quarter and year ended 31 December 2025.

Crisil Ratings maintained its leadership in corporate bond ratings. Its revenue grew 14.3% on year in Q4 2025, and 15.7% in FY 2025.

Overall, the Ratings segment revenue grew 14.4% in Q4 2025 and 18.4% in FY 2025.

The research, analytics and solutions segment revenue grew 20.1% in Q4 2025 and 9.4% in FY 2025.

The board has recommended a final dividend of Rs 28 per share (of Re 1 face value), taking the total dividend for the year to Rs 61 per share.

Amish Mehta, managing director & CEO, Crisil, “We saw strong revenue and EBITA growth compared with last year, driven by consistent financial delivery and operational resilience across our businesses. While a dynamic macroeconomic backdrop persists, we are committed to delivering sustainable growth through continuous investments in creating new products and solutions, expanding our client footprint, and developing future-ready talent. We focus on creating domain-led GenAI solutions that drive competitiveness by enhancing client experiences and insights and augmenting operational efficiencies. Notably, Crisil is marching towards its 40th year of making markets function better, driven by deep institutional intelligence and rich experience honed by economic cycles, reforms and shocks, and as a steadfast ally in the Viksit Bharat quest.”

Crisil is a global, insights-driven analytics company. Headquartered in India, Crisil is majority owned by S&P Global. Founded in 1987 as Indias first credit rating agency, its services spans across businesses: Crisil Ratings, Crisil Intelligence, Crisil Coalition Greenwich and Crisil Integral IQ. Crisils global workforce operates in the Americas, Asia-Pacific, Europe, Australia and the Middle East.

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Wall Street heads for weekly losses as tech jitters offset inflation relief

Wall Street heads for weekly losses as tech jitters offset inflation relief

by | Feb 13, 2026 | Share Market



U.S. stocks rose in volatile trading on Friday as inflation showed signs of cooling, but a rout in tech shares amid renewed fears of AI-driven disruption capped gains, setting the S&P 500 and the Dow on track for their worst weekly loss since November. 


Data on Friday showed U.S. consumer prices increased less than expected in January, prompting traders to slightly raise the odds of an interest-rate cut by the Federal Reserve in June to 69 per cent from 63 per cent earlier. 


“The important takeaway for both (the) rate markets and equities is that the trend in disinflation continues. It kind of reinforces the idea that we are past peak inflation concerns,” said Michael Metcalfe, head of market strategy at State Street Markets. 

 


“This is painting a picture of a continued improving inflation outlook, which will allow for rates to fall later in the year.” 


Equity markets have pulled back from record levels as fears of AI-led disruption fueled a selloff in sectors spanning software and insurance to trucking companies, while stronger-than-expected January jobs data sowed doubts about the pace of monetary policy easing this year. 


Cboe’s volatility index, Wall Street’s fear gauge, hit a one-week high of 22.40 points before easing slightly. 


At 11:55 a.m. the Dow Jones Industrial Average rose 222.36 points, or 0.45 per cent, to 49,674.34, the S&P 500 gained 36.38 points, or 0.53 per cent, to 6,869.14, and the Nasdaq Composite  added 72.55 points, or 0.32 per cent, to 22,669.69. 


With earnings season more than halfway through, AI capex outlays emerged as a dominant theme for “Magnificent Seven” companies, whose cumulative investments are projected to reach about $650 billion. Investors are now demanding real payoffs as they continue to punish sectors they fear could be squeezed by growing competition. 


“You’re discounting a lot of earnings streams that have to come to fruition. Investors are questioning whether those are going to actually occur and we’re not trading at cheap valuations,” said Brent Schutte, chief investment officer, Northwestern Mutual Wealth Management. 


“That just makes the bar a bit higher for investors to continue to push the market higher.”  


Big tech stocks weighed, with Nvidia and Alphabet  down 1.5 per cent and 0.7 per cent, respectively. 


Healthcare shares supported markets on Friday, with Eli Lilly and UnitedHealth adding 0.8 per cent and 1.2 per cent, respectively. Moderna  jumped 8.9 per cent after posting fourth-quarter revenue above expectations. 


Applied Materials shares advanced 9.3 per cent after the chipmaking-equipment firm forecast second-quarter revenue and profit above Wall Street expectations. 


Networking equipment provider Arista Networks gained 9.8 per cent after forecasting annual revenue above expectations. 


White House trade adviser Peter Navarro said there was no basis to reports that the administration was planning to reduce steel and aluminum tariffs. 


Still some steelmakers dropped, with Nucor slipping 2.3 per cent and Steel Dynamics losing 3.2 per cent. 


Aluminum producers Alcoa and Century Aluminum declined 1.1 per cent and 7.1 per cent, respectively. 


Advancing issues outnumbered decliners by a 3.08-to-1 ratio on the NYSE, and by a 3.06-to-1 ratio on the Nasdaq. 


The S&P 500 posted 28 new 52-week highs and five new lows, while the Nasdaq Composite recorded 40 new highs and 108 new lows.

 



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Friday the 13th caps a volatile week of AI-sparked horror in IT stocks

Friday the 13th caps a volatile week of AI-sparked horror in IT stocks

by | Feb 13, 2026 | Share Market



The selloff in domestic information technology stocks intensified on Friday, with the Nifty IT index sliding as much as 5.2 per cent during the session before paring losses to close 1.44 per cent lower. Despite this late recovery, the index ended the week down 8.2 per cent, marking its worst weekly performance since April 4, 2025.

 


So far this year, the combined market capitalisation of India’s top software exporters has declined by about ₹4.7 trillion, representing one of the sector’s sharpest episodes of wealth erosion. The correction has been driven by mounting concerns among investors over the potential impact of artificial intelligence (AI) on the sector’s growth outlook.

 
 


The latest bout of selling followed a steep decline in US technology stocks on Thursday, which saw the Nasdaq Composite drop close to 2 per cent.

 

The launch of a new AI tool by startup Anthropic has further clouded sentiment around the future growth prospects of India’s nearly ₹25 trillion IT services industry. A JP Morgan note said a section of the market is increasingly concerned that Indian IT firms could miss growth targets as AI-led efficiencies prompt clients to reallocate spending. 

 


“We are likely in year three of AI deflation and the three-year below par growth the sector is witnessing (CY23-25) include both structural (AI deflation) and cyclical (macro) factors. We acknowledge that it is difficult to quantify the real impact of AI (both deflation and inflation) and the duration of demand deflation given where we are in the cycle,” it said. “However, it’s overly simplistic to assume that AI can automatically generate enterprise grade software and replace the value IT Services firms create across the cycle. Indeed, IT services companies remain the plumbers in the tech world, and if enterprise software/SaaS is rewritten on a bespoke basis by agents — it will need significant services plumbing to work in enterprise context and minimise AI slop.” 

 


A recent note by Jefferies said Anthropic’s worker plug-ins and Palantir Technologies’ claims of faster SAP migrations have underscored the potential for AI to erode application services revenues for IT firms. “Any newsflow around key advances in AI tools is likely to weigh on sentiment for IT services stocks. Moreover, consensus dollar revenue growth expectations of 6-7 per cent for FY27 and FY28 do not adequately factor in the threat from AI and are vulnerable to downward revisions. This, in turn, could pressure price-to-earnings multiples, as past cuts to revenue growth estimates have typically led to PE derating,” Jefferies stated in a note dated February 4.

 


Among individual stocks, shares of Infosys fell as much as 7.54 per cent intraday before closing 1.2 per cent lower. Tata Consultancy Services (TCS) declined nearly 6 per cent during the session but ended 2 per cent down, while HCL Technologies dropped more than 5 per cent before trimming losses to close 1.2 per cent lower. TCS’ market value has now slipped below the ₹10 trillion mark for the first time since November 2020.

 


Market participants attributed the sharp rebound from the day’s lows to value buying after the steep correction. Nevertheless, Infosys, TCS and Wipro are all down more than 16 per cent on a year-to-date basis. By comparison, the benchmark Nifty 50 index has fallen less than 3 per cent.

 



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HDFC Flexicap joins ₹1 trn AUM club; NSE unique investor count tops 250 mn

HDFC Flexicap joins ₹1 trn AUM club; NSE unique investor count tops 250 mn

by | Feb 13, 2026 | Share Market


1 min read Last Updated : Feb 13 2026 | 10:54 PM IST


HDFC Flexicap Fund has become the latest mutual fund scheme to enter the ₹1 trillion assets under management (AUM) club. It is only the third active scheme, after Parag Parikh Flexicap Fund and HDFC Balanced Advantage Fund, to achieve the milestone. 

 


NSE unique investor count tops 250 million 


The National Stock Exchange of India (NSE) on Thursday said its unique client codes (UCC) have surpassed 250 million, reflecting a sharp acceleration in retail participation. The most recent 10 million accounts were added in just two months, while the last 50 million — nearly a fifth of the total — came in the past 16 months, the exchange said in a press release. 

 


InsuranceDekho owner to plan $250 mn IPO 


Girnar Insurance Brokers, which operates insurance tech startup InsuranceDekho, is weighing an initial public offering (ipo) in Mumbai that could raise as much as $250 million, sources said. The insurance aggregator held discussions with investment banks about a listing and is expected to appoint advisors in the coming weeks, sources said.

 

First Published: Feb 13 2026 | 10:54 PM IST



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Markets log steepest decline since Budget day as heavyweights drag

Markets log steepest decline since Budget day as heavyweights drag

by | Feb 13, 2026 | Share Market



Indian equities declined on Friday, with benchmark indices logging their steepest fall since Budget day, as losses in heavyweight stocks and diminishing expectations of an imminent US Federal Reserve rate cut triggered a broad selloff. The continued selloff in information technology (IT) stocks also weighed on sentiment.

 


The Sensex ended the session at 82,627, down 1,048 points, or 1.3 per cent, while the Nifty closed at 25,471, a fall of 336 points, or 1.3 per cent. For both indices, this marked the sharpest single-day decline since February 1. The total market capitalisation of BSE-listed companies fell by ₹7 trillion to ₹465 trillion. So far this year, market capitalisation has declined by ₹10 trillion.

 
 


On a weekly basis, the Sensex slipped 1.1 per cent and the Nifty 0.9 per cent, erasing part of the gains recorded last week following optimism over an India-US trade deal.

 


HDFC Bank, which fell 1.6 per cent, emerged as the biggest drag on the indices, followed by Reliance Industries, down 2.1 per cent, and ICICI Bank, which declined 1.1 per cent. Hindustan Unilever was the worst-performing Sensex stock, plunging 4.4 per cent after reporting weak volume growth for the December quarter.

 


The decline comes despite a revival in foreign portfolio investor (FPI) inflows that had supported markets earlier this month. FPIs, after being net sellers to the tune of ₹1.7 trillion in 2025 and ₹35,962 crore in January, turned net sellers again in February, lapping up shares worth ₹19,675 crore. However, FPIs pulled out nearly ₹7,400 crore from domestic stocks on Friday, the highest net selling since August 29, 2025. Domestic institutional investors cushioned the blow as they injected ₹ 5,554 crore.

 


Strong US jobs data earlier this week prompted investors to scale back expectations of Fed rate cuts, clouding the outlook for foreign inflows.

 


Technology stocks bore the brunt of selling amid concerns that artificial intelligence-led disruption could undermine the business models of IT services companies. The Nifty IT index fell as much as 5.2 per cent intraday before closing 1.4 per cent lower. For the week, the index declined 8.2 per cent, marking its steepest weekly fall since April 4, 2025.

 


“Sentiment gains from the US-India trade deal have faded as renewed AI-driven disruption fears weigh on risk appetite. Markets are increasingly concerned that Indian IT firms reliant on the labour arbitrage model may face sharper competitive pressure than their Nasdaq peers,” said Vinod Nair, head of research at Geojit Financial Services. “This cautious tone spilled over into the broader market, pulling all major indices into negative territory, with most sectors ending in the red.”

 


Looking ahead, investors will closely track further details of the India-US trade agreement for direction.

 


“As long as there is no adverse global news, Indian markets should perform reasonably well. Most headwinds — whether related to the trade deal or December quarter earnings — are largely priced in. We have also seen a revival in FPI investments, and the rupee has stabilised,” said Ambareesh Baliga, an independent equity analyst.

 


Market breadth remained weak, with 2,960 stocks declining against 1,253 advances on the BSE. All Nifty sectoral indices ended with losses, while the India Volatility Index (Vix)  rose 13 per cent. The broader market Nifty Midcap 100 and the Nifty Smallcap 100 indices fell over 1.7 per cent each.

 



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