Kailash Auto Finance has reported results for second quarter ended September 30, 2015.
The company has reported 51.85% fall its net profit at Rs 76.37 lakh for the quarter ended September 30, 2015 as compared to Rs 1.59 crore for the same quarter in the previous year. The company’s total income has decreased by 38.48% to Rs 11.05 crore for the quarter under review from Rs 17.97 crore for the corresponding quarter of the 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.
