29 Nov 2020 | 10:54 AM

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COMPANYNEWS
Cholamandalam Invest Q2 net profit up 0.75% at Rs 306.97 cr
  Cholamandalam Investment & Finance Company Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-05-2019
The company reported standalone net profit of Rs 306.97 crore for the quarter ended September 30 2019 as compared to Rs 304.67 crore in the same period last year registering a year-on-year growth of 0.75 per cent.


Net revenue of the company rose substantially by 34.83 per cent at Rs 2196.96 crore in July-September quarter of this fiscal as against Rs 1629.41 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 38.53 per cent to Rs 470.55 crore from Rs 339.68 crore in year ago period.


Other Income dipped by 50.00 per cent at Rs 0.05 crore versus (Sep`18 Rs 0.10 crore).


Operating Profit surged by 29.22 per cent to Rs 1726.41 crore as against Rs 1336.05 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 4.17 per cent in September quarter.


Interest grew by 36.24 per cent y-o-y to Rs 1176.93 crore while Taxation increased by 39.70 per cent at Rs 216.33 crore (Sep`18 Rs 154.85 crore).