Crisil delivered a strong Q1 FY26 performance, showcasing resilience amid macro uncertainty. **Business Performance:** Income from operations surged 30.1% to ₹1,058 crore.

Crisil Ratings maintained market leadership, with revenue up 20.2%. The Research, Analytics & Solutions (RAS) segment also saw robust growth, with revenue climbing 34.9%, driven by strong momentum in Coalition Greenwich and demand for Integral IQ and Intelligence offerings. **Growth Drivers & Strategy:** A key focus is leveraging domain-led GenAI solutions like GenEye Credit and DeepMine to boost competitiveness and efficiency, alongside upskilling its workforce. **Recent Developments:** The company declared an interim dividend of ₹9 per share.

Rupee depreciation provided a helpful tailwind. **Key Financial Metrics:** Profit Before Tax (PBT) jumped 35.7% to ₹308 crore, and Profit After Tax (PAT) climbed 45.9% to ₹233 crore.

This includes a ₹14.4 crore foreign exchange gain. **Management Commentary:** While accelerated renewals added US$4.5 million in Q1 revenue, management expects this effect to normalize later in the year.