Cholamandalam Investment and Finance Co Ltd has reported a 30% growth in profit after tax during the first quarter ended June 30, 2013 at Rs 91 crore as against Rs 70 crore, a year ago.
Total Income rose to Rs 762 crore from Rs 558 crore in the first quarter of 2012 -13 registering a growth of 37%.
With disbursements in vehicle finance growing by 29% and disbursements in home equity loans grew by 34% compared to the same period last year.
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The Company disbursed Rs 2609 crore in Vehicle Finance as against Rs 2026 crore in Q 1 of 2012 – 13 and disbursed Rs 662 crores in Home Equity loans as against Rs 493 crore in Q 1 of 2012 – 13.
Disbursements from new businesses were Rs 8 crore for the quarter. The aggregate disbursements of the company for the quarter are Rs 3279 crore as against Rs 2,535 crore in the first quarter of 2012-13 registering a growth of 29%.
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