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Cholamandalam Investment and Finance Company reports 31% rise in Q3 consolidated net profit

30 Jan 2016 Evaluate

Cholamandalam Investment and Finance Company has reported results for third quarter ended December 31, 2015.

The company has reported 30.92% rise in its net profit at Rs 145.70 crore for the quarter ended December 31, 2015 as compared to Rs 111.29 crore for the same quarter in the previous year. The company’s total income has increased by 9.25% to Rs 1053.90 crore for the quarter under review from Rs 964.71 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 31.24% rise in its net profit after taxes, minority interest and share of Profit/(Loss) of associates at Rs 148.03 crore for the quarter ended December 31, 2015 as compared to Rs 112.79 crore for the same quarter in the previous year. Total income of the company has increased by 9.25% at Rs 1060.09 crore for quarter under review as compared to Rs 970.36 crore for the quarter ended December 31, 2014.      

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