29 Nov 2020 | 10:56 AM

News

COMPANYNEWS
Cholamandalam Invest Q1 net profit up 10.16% at Rs 314.23 cr
  Cholamandalam Investment & Finance Company Ltd. | 17 Jan 2020 | 10:51 AM
Published on 07-30-2019
The company reported standalone net profit of Rs 314.23 crore for the quarter ended June 30 2019 as compared to Rs 285.25 crore in the same period last year registering a year-on-year growth of 10.16 per cent.


Net revenue of the company rose substantially by 27.08 per cent at Rs 2029.48 crore in April-June quarter of this fiscal as against Rs 1597.03 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 26.83 per cent to Rs 436.23 crore from Rs 343.96 crore in year ago period.


Other Income dipped by 75.00 per cent at Rs 0.05 crore versus (Jun`18 Rs 0.20 crore).


Operating Profit surged by 27.15 per cent to Rs 1593.25 crore as against Rs 1253.07 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.06 per cent in June quarter.


Interest grew by 35.56 per cent y-o-y to Rs 1087.00 crore while Taxation increased by 9.93 per cent at Rs 168.78 crore (Jun`18 Rs 153.53 crore).