Chola Q2 net rises 40% to ₹607 cr.
The Hindu
Cholamandalam Investment and Finance Co. Ltd. (CIFCL) has reported a 40% rise in its net profit to ₹607 crore for the second quarter ended September.During the period under review, aggregate disbursem
Cholamandalam Investment and Finance Co. Ltd. (CIFCL) has reported a 40% rise in its net profit to ₹607 crore for the second quarter ended September.
During the period under review, aggregate disbursements rose 35% to ₹8,706 crore, with vehicle finance accounting for ₹6,161 crore, loans against property ₹1,736 crore and home loan ₹494 crore, it said in a statement.
The financial services arm of the Murugappa Group said assets under management was flattish at ₹75,063 crore and its net income grew by 11% to ₹1,393 crore.
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