Cholamandalam Investment net up 31% at Rs 148 cr in Oct-Dec

Image
Press Trust of India New Delhi
Last Updated : Jan 29 2016 | 7:28 PM IST
Cholamandalam Investment and Finance Company today registered a 31.2 per cent jump in its consolidated net profit at Rs 148.03 crore for the third quarter ended December of 2015-16.
The group had registered a net profit of Rs 112.79 crore in the October-December quarter of 2014-15.
"Total income has increased to Rs 1,060.09 crore for the quarter ended December 31, 2015 from Rs 970.36 crore for the quarter ended December 31, 2014", it said in a BSE filing.
On standalone basis, the company said its net profit rose by 31 per cent to Rs 145.70 crore during the quarter under review of current fiscal as against Rs 111.29 crore a year ago.
Standalone income during October-December quarter of 2015-16 increased to Rs 1,053.90 crore from Rs 964.71 crore in the same quarter of 2014-15, it said.
Shares of the company closed at Rs 635.25 apiece on BSE, up 1.32 per cent from previous level.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 29 2016 | 7:28 PM IST

Next Story