Slide 1: Cover letter to stock exchanges
July 22, 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.: Corporate Presentation Q2 2025 We are enclos
Slide 2: Analyst presentation
July 2025 Analyst presentation 1 © © 2025 CRISIL Ltd. 2025 CRISIL All rights Ltd. All reserved. rights 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 © 2025 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 3
Slide 5: Overview and our new brand identity
Overview and our new brand identity Crisil is a global, insights-driven analytics organisation whose extraordinary rigour and domain expertise give clients the confidence to make mission-critical decisions. • Our new brand identity reinforces our position as a global, insights-driven analytics organ
Slide 6: Global presence
Global presence 4,600+ employees globally 14 recognitions in H1 2025 from 4 Chartis assessments Crisil featured as Category leader in Use of AI for commercial banking-related workflow in © 2025 CRISIL Ltd. All rights reserved. Chartis RiskTech AI50 2025 Crisil featured in Chartis RiskTech100® 2025 l
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 Greater need for benchmarking solutions in CIBs to assess Global banks maintain their measured stance, as they invest in headcount and costs including vendor spends amidst digital transformation initiatives and AI geopolitical uncertainties and evo
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 • Crisil Ratings continues to strengthen its leadership in corporate bond ratings driven by investor preference for 7.9% best-in-class ratings H1 2025 • Global Analytics Centre (GAC) saw growth driven by new engagements from S&P Global 5.7% • R
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 H1 and Q2 2025
Financial performance for H1 and Q2 2025 Income from operations Profit before tax (PBT) Profit after tax (PAT) +7.9% +12.1% +15.1% ₹ crore ₹ crore ₹ crore 1,535.0 1,656.2 403.5 452.2 287.8 331.4 © 2025 CRISIL Ltd. All rights reserved. H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 +5.7% +8.2% +14.3
Slide 13: Agenda
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 rebounded in Q2 2025; bank credit growth moderating
Bond issuances rebounded in Q2 2025 albeit on a low base driven by few large issuances; Bank credit continues to witness growth moderation Bond issuance quantum (Rs. billion) 25.0% Bank Credit growth (%) +28.6% 20.0% 6,511 © 2025 CRISIL Ltd. All rights reserved. 5,064 +62.5% 15.0% 3,461 11.1% 10.0%
Slide 15: Ratings Services performance highlights
Ratings Services performance highlights Financials Particulars Particulars H1 2024 H1 2025 Growth Q2 2024 Q2 2025 Growth (Rs crore) (Rs crore) Income from Income from 414.7 518.6 25.1% 212.5 250.7 18.0% operations operations © 2025 CRISIL Ltd. All rights reserved. Segment profit 187.8 235.4 25.4% Se
Slide 16: Agenda
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 stance on discretionary spends
Profitability focus of global banks leading to measured stance on discretionary spends CIB revenue pools(1) ($ billion) CIB return on equity(2) (%) +3% 20% 700 30 bps lower 600 © 2025 CRISIL Ltd. All rights reserved. 15% 500 400 10% 300 200 5% 100 0 0% FY19 FY20 FY21 FY22 FY23 FY24 FY25F FY19 FY20 F
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 7,315 ₹ ‘000 crore 6,869 6,831 7.5 © 2025 CRISIL Ltd. All rights reserved. 5.9 4,993 4,085 3,864 3.9 2.7 2.3 2.1-2.2 FY20 FY21 FY22 FY23 FY24 FY25 FY26F 2021 2022 2023 202
Slide 19: Research, Analytics & Solutions performance highlights
Research, Analytics & Solutions performance highlights Financials Particulars (Rs crore) H1 2024 H1 2025 Growth Particulars (Rs crore) Q2 2024 Q2 2025 Growth Income from Income from 1120.4 1137.6 1.5% operations 584.9 592.3 1.3% operations © 2025 CRISIL Ltd. All rights reserved. Segment profit 209.2
Slide 20: 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 19
Slide 21: Thought leadership
Thought leadership Crisil Ratings hosted 3rd Edition of Crisil Ratings Annual Infrastructure Summit Crisil Ratings Roundup Crisil Integral IQ moderated a roundtable Participated in the CII Corporate Governance Summit at Private Equity New York Forum © 2025 CRISIL Ltd. All rights reserved. Crisil Int
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 marginalised communities As part of the World Environment Day, #PensOfPromise, • Through Mein Pragati, over 4.5 lakh a volunteering campaign organised during June. community individuals reached o
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