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Cholamandalam Investment reports 38% rise in Q2 consolidated net profit

28 Oct 2016 Evaluate

Cholamandalam Investment and Finance Company has reported results for second quarter ended September 30, 2016.

The company has reported 41.89% rise in its net profit Rs 170.94 crore for the quarter under review as compared to Rs 120.47 crore for the same quarter in the previous year. Total income of the company increased by 14.27% at Rs 1162.64 crore for the quarter under review as compared Rs 1017.45 crore for the corresponding quarter previous year.  

On the consolidated basis, the company has reported 37.75% rise in its net profit after minority interest at Rs 167.68 crore for the quarter ended September 30, 2016 as compared to Rs 121.73 crore for the same quarter in the previous year. Total Income of the company has increased by 14.64% to Rs 1172.81 crore for the quarter under review from Rs 1023.08 crore for the quarter ended September 30, 2015.

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