Cholamandalam Financial q4 standalone net at Rs 34.26 cr

Cholamandalam Financial Holdings Ltd has clocked stand alone net profit for the quarter ending March 31, 2019 at Rs 34.26 crore, up from Rs 33.60 crore registered a year ago.

The city-based firm, formerly known as TI Financial Holdings Ltd, clocked net profit at Rs 66.53 crore for the year ending March 31, 2019, compared to Rs 59.39 crore in the same period last year.

The standalone total income for the January-March 2019 quarter grew to Rs 36.47 crore from Rs 35.61 crore, a company release said.

For the full year ending March 31, 2019, standalone total income went up to Rs 73.52 crore from Rs 64.67 crore.

Cholamandalam Investment and Finance Company disbursed loans totalling Rs 30,451 crore for the year March 31,2019 as compared to Rs 25,114 crore the previous year.

Cholamandalam MS General Insurance Company Ltd registered a gross written premium of Rs 4,552 crore for the year ending March 31, 2019 as against Rs 4,113 crore in the year ago period.

Cholamandalam MS Risk Services Ltd, a joint venture company, registered a revenue of Rs 40.72 crore as against Rs 56.28 crore.

The Board of Directors of the company have recommended a final dividend of 65 per cent being Rs 0.65 per share on the equity shares of the company for year ending March 31,2019.

The aggregate dividend recommended is Rs 1.25 per share, it added.