Slide 1: Revised Corporate Presentation Q3 2025 cover letter
October 20, 2025 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.: Revised Corporate Presentation Q3 2025 Fu
Slide 2: Analyst presentation October 2025
October 2025 Analyst presentation 1 © © 2025 2025 Crisil Crisil Ltd. Ltd. All All rights rights reserved. reserved.
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. Crisil overview 2. Business environment 3. Performance update © 2025 Crisil Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 3
Slide 5: Crisil overview
Crisil overview Crisil is a global, insights-driven analytics organisation whose extraordinary rigour and domain expertise give clients the confidence to make mission-critical decisions © 2025 Crisil Ltd. All rights reserved. Offers independent credit ratings in Offers insights, consulting, technolo
Slide 6: Global presence
Global presence 4,600+ employees globally 15 recognitions from 5 Chartis reports Ranked #20 and Category Leader in RiskTech AI50 © 2025 Crisil Ltd. All rights reserved. ‘Category Leader’ in Chartis Regulatory Reporting Solutions 2025 report, retaining and improving its position from last year Ranked
Slide 7: Agenda
Agenda 1. Crisil overview 2. Business environment © 2025 Crisil Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 6
Slide 8: Key trends in macro and business environment
Key trends in macro and business environment Global Global growth forecast revised to 3.1% in 2025, up 20 bps from the Large banks focusing on automation and efficiency-led solutions previous estimate, largely driven by resilient US and Eurozone. to redesign their operating models, as the regulatory
Slide 9: Agenda
Agenda 1. Crisil overview 2. Business environment © 2025 Crisil Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 8
Slide 10: Resilient performance amidst macro-economic uncertainty
Resilient performance amidst macro-economic uncertainty 9.4% • Crisil Ratings maintained its leadership in corporate bond ratings • Global Analytics Centre (GAC) continued to see growth, driven by new engagements with S&P Global 9M 2025 • Research, Analytics and Solutions segment saw traction and wi
Slide 11: Agenda
Agenda 1. Crisil overview 2. Business environment © 2025 Crisil Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 10
Slide 12: Financial performance for 9M and Q3 2025
Financial performance for 9M and Q3 2025 Income from operations Profit before tax (PBT) Profit after tax (PAT) +9.4% +13.1% +14.2% ₹ crore ₹ crore ₹ crore 2,346.9 2,567.4 632.0 714.5 459.4 524.5 © 2025 Crisil Ltd. All rights reserved. 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 9M 2025 +12.2% +14.8% +12
Slide 13: Agenda - Segment performance: Ratings Services
Agenda 1. Crisil overview 2. Business environment © 2025 Crisil Ltd. All rights reserved. 3. Performance update 4. Financials Segment performance – Ratings 5. Services 6. Thought leadership 7. Corporate social responsibility 12
Slide 14: Bond issuances declined in Q3; bank credit growth constrained
Bond issuances declined in Q3 amid heightened global volatility; Bank credit growth continues to be constrained by sluggish wholesale & retail growth Bond issuance quantum (Rs. billion) Bank Credit growth (%) 25% +4.4% 8,770 20% 8,399 -32.9% © 2025 Crisil Ltd. All rights reserved. 15% 3,335 11.80% 2
Slide 15: Ratings Services performance highlights
Ratings Services performance highlights Financials Particulars Particulars 9M 2024 9M 2025 Growth Q3 2024 Q3 2025 Growth (Rs crore) (Rs crore) Income from Income from 655.3 786.3 20.0% 240.6 267.6 11.2% operations operations © 2025 Crisil Ltd. All rights reserved. Segment profit 303.9 355.6 17.0% Se
Slide 16: Agenda - Segment performance: Research, Analytics and Solutions
Agenda 1. Crisil overview 2. Business environment © 2025 Crisil Ltd. All rights reserved. 3. Performance update 4. Financials Segment performance – Research, 5. Analytics and Solutions 6. Thought leadership 7. Corporate social responsibility 15
Slide 17: Profitability focus of global banks leading to measured discretionary spends
Profitability focus of global banks leading to measured stance on discretionary spends CIB revenue pools(1) ($ billion) CIB return on equity(2) (%) 700 +5% c. +100 bps 600 15% © 2025 Crisil Ltd. All rights reserved. 500 400 10% 300 200 5% 100 0 0% 2019 2020 2021 2022 2023 2024 2025F 2019 2020 2021 2
Slide 18: 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* 8.4 7,827 ₹ ‘000 crore 7,315 7.5 6,869 6,831 5.9 © 2025 Crisil Ltd. All rights reserved. 4,993 4,085 3,864 3.9 2.7 2.3 2.2-2.3 FY20 FY21 FY22 FY23 FY24 FY25 FY26F 2021 2022 20
Slide 19: Research, Analytics & Solutions performance highlights
Research, Analytics & Solutions performance highlights Financials Particulars (Rs crore) 9M 2024 9M 2025 Growth Particulars (Rs crore) Q3 2024 Q3 2025 Growth Income from Income from 1,691.6 1,781.2 5.3% operations 571.2 643.6 12.7% operations © 2025 Crisil Ltd. All rights reserved. Segment profit 31
Slide 20: Agenda
Agenda 1. Crisil overview 2. Business environment 3. Performance update © 2025 Crisil Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 19
Slide 21: Thought leadership
Thought leadership Amish Mehta as speaker for the topic "Multi- Crisil Ratings hosted the 1st edition of Banking Conclave © 2025 Crisil Ltd. All rights reserved. Lens Framework: Prioritizing Principle-Based Corporate Governance,“ at CII Corporate Governance Summit Mint Events Business Standard Times
Slide 22: Agenda
Agenda 1. Crisil overview 2. Business environment © 2025 Crisil Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 21
Slide 23: Driving positive social impact through CSR and volunteering initiatives
Driving positive social impact through CSR and volunteering initiatives Financial capability building of rural communities Employee volunteering campaigns organised during the quarter across Crisil’s India locations • Through Mein Pragati, approx. 5 lakh community individuals reached out through tra
Slide 24: 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