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Kailash Auto Finance reports three-fold jump in Q3 net profit

16 Feb 2015 Evaluate

Kailash Auto Finance has reported results for third quarter ended December 31, 2014.

The company has reported over three-fold jump in its net profit at Rs 1.04 crore for the quarter ended December 31, 2014 as compared to Rs 31 lakh for the same quarter in the previous year. However, total income of the company decreased by 54.44% at Rs 5.74 crore for Q3FY15 as compared Rs 12.6 crore for the corresponding quarter previous year.

Kailash Auto Finance has franchisee business with the Citicorp Finance India for hire purchase finance in Rajasthan and Madhya Pradesh. It is a direct marketing agent for Tata Motors (TML) for recovery of their financed vehicles.

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