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Cholamandalam Investment registers 50% growth in Q1 consolidated net profit

29 Jul 2016 Evaluate

Cholamandalam Investment and Finance Company has reported results for first quarter ended June 30, 2016.

The company has reported 50.32% jump in its net profit at Rs 165.73 crore for the quarter ended June 30, 2016, as compared to Rs 110.25 crore for the same quarter in the previous year. However, the company’s total income increased by 12.42% to Rs 1108.52 crore for the quarter under review from Rs 986.01 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 50.50% jump in its net profit after minority interest at Rs 167.20 crore for the quarter ended June 30, 2016 as compared to Rs 111.10 crore for the same quarter in the previous year. Total income of the company increased 12.56% to Rs 1115.10 crore for quarter under review from Rs 990.66 crore for the quarter ended June 30, 2015.

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