Cholamandalam Investment And Finance Q1 Results: Profit Rises 29.7% To Rs 942 Crore
Total income during the quarter grew by 40.9% to Rs 5,828 crore, from Rs 4,134 crore registered in the same period last year.
(Sources: Nick Chong/ Unsplash)
Cholamandalam Investment and Finance Co. has reported a 29.7% rise in profit after tax for the first quarter of fiscal 2025.
The company, a financial services arm of diversified conglomerate Murugappa Group, had a net profit of Rs 942 crore for the quarter-ended June, as against Rs 726 crore over the same period last year.
Total income during the quarter under review grew by 40.9% to Rs 5,828 crore, from Rs 4,134 crore registered in the corresponding quarter last year.
Disbursements made during the quarter grew by 22% to Rs 24,332 crore, as compared to Rs 20,015 crore registered in the same period last year.
Assets under management rose to Rs 1,68,832 crore, from Rs 1,22,755 crore last year.
In a statement released on Friday, the company reported maintaining a robust liquidity position, with a cash balance of Rs 14,767 crore as of the end of June 2024. Additionally, the company's capital adequacy ratio stood at 18.03%, exceeding the regulatory requirement of 15%.
(With Inputs From PTI)
