Crisil net up 11% in second quarter

Crisil reported an 11-per-cent increase in its standalone net profit at 52 crore in the second quarter ended June 30, 2015, as against ₹47 crore in the year-ago period. The Board of Directors declared payment of a second interim dividend of ₹4 per share, on shares of face value ₹1 each, for the financial year ending December 31, 2015. On a consolidated basis, the agency reported a 12-per-cent increase in net profit at ₹65 crore as against ₹58 crore in the year-ago period. Under a buyback plan, initiated on July 2, 2015 from the open market through stock exchanges and closed on July 14, 2015, Crisil acquired 511,932 Shares for a consideration of ₹102 crores.