Crisil Limited (CRISIL) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated July 16, 2026 3 min read

Crisil Limited enters its Q1 FY 2026-2027 results facing a complex macro environment defined by significant currency volatility and escalating geopolitical tensions. Investors will be focused on how the company manages the normalization of prior-year revenue benefits alongside the impact of a weaker rupee on its global analytics business.

Quick Details

Results date	July 21, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 1,057.66 Cr
Previous quarter PAT	Rs. 233.26 Cr
Previous quarter EBITDA margin	30.1%
Market cap	Rs. 31,423.96 Cr
CMP	Rs. 4,297.0

Crisil Limited Q1 Results Date and Time

The board meeting is scheduled for July 21, 2026, to approve unaudited consolidated and standalone results for the quarter and half-year ending June 30, 2026, and to consider a second interim dividend for the financial year ending December 31, 2026.

What to expect from Crisil Limited's Q1 FY27 results

The Ratings segment revenue is expected to be influenced by the ~13% credit growth target for FY 2027, though persistent bond market softness due to hardened yields remains a key monitoring point. The Research, Analytics & Solutions (RAS) segment faces a dual-impact quarter, where a 10–12% YoY rupee depreciation acts as a revenue tailwind, partially offset by the normalization of a USD 4.5 million accelerated renewal benefit recorded in the year-ago period. Margin performance will be tested against the prior year's 30.1% EBITDA margin base, with potential pressure from wage inflation and the absence of one-time revenue gains. Management's commentary on global client discretionary spending in light of West Asia geopolitical uncertainties will be critical for assessing the outlook for the remainder of the year.

Key Things To Watch

Performance vs Guidance Tracking: Tracking progress against key FY 2027 strategic targets.

Credit growth — ~13% for FY 2027 — Status: Monitoring Q1 bank loan market trends for potential upside
GAC multi-year expansion — Open-ended — Status: Evaluating scope expansion across S&P Global divisions
Geographic expansion — Open-ended — Status: Monitoring progress in Middle East and private markets

Bond market and FX trajectory

Assess if primary bond issuance softness from Q4 FY2026 continued through the quarter
Quantify the impact of 10–12% YoY rupee depreciation on RAS revenue and hedging economics

Tax and Legal updates

Status of appeal against Rs. 148.99 Cr income tax demand for AY 2023-24
Confirmation of receipt for Rs. 40.23 Cr TDS relief related to AY 2014-15

Operational and Strategic focus

Revenue impact from the normalization of the USD 4.5 million accelerated renewal benefit
Update on PriceMetrix integration and contribution to wealth management expansion

Frequently Asked Questions

How does the rupee depreciation affect Crisil's revenue?

The rupee's 10–12% YoY depreciation acts as a near-term tailwind for the Research, Analytics & Solutions (RAS) segment, as a significant portion of its revenue is denominated in US dollars. However, management notes that FX movements are inherently volatile and can impact translation results for foreign subsidiaries.

What is the status of the company's tax disputes?

Crisil is currently appealing a Rs. 148.99 Cr income tax demand for AY 2023-24. Additionally, the company expects to receive Rs. 40.23 Cr in relief following a favorable order for TDS proceedings related to AY 2014-15.

What is the outlook for credit growth in FY 2027?

Management has projected credit growth of approximately 13% for FY 2027, consistent with the performance seen in FY 2026. They have indicated that bank loan market trends from March 2026 suggest potential upside to this target.