Cholamandalam Investment Q2 profit up by 27 %

NIM up by 20% during the quarter

Cholamandalam Investment and Finance Company Limited has reported a 27% growth in net profit to Rs 120 crore during the quarter ended September 2015 as against Rs 95.13 crore, a year ago.

Net Income Margin (NIM) during the quarter rose by 20% to Rs 506.41 crore from Rs 420.27 crore, a year ago.

Chola was able to exit the quarter at a GNPA level of 3.39% at five months' overdue, which was almost the same as the GNPA at the end of June 2015 (3.33%).