Cholamandalam Investment Q1 jumps 16.1%

Cholamandalam Investment and Finance, a Murugappa Group Company, has registered 16.1 per cent jump in consolidated net profit at Rs 111.10 crore for the April-June quarter of the current fiscal.
It had registered a consolidated net profit of Rs 95.65 crore in the corresponding period of the previous fiscal.
For the financial year ending March 31, 2015, its net profit stood at Rs 444.14 crore, the city-based company said in a BSE filing.
Consolidated income from operations for the April-June quarter this fiscal rose to Rs 986.70 crore from Rs 865.98 crore in the year-ago period.
Consolidated income from operations for the 2014-15 fiscal stood at Rs 3,688.50 crore.

The company had made Rs 3,508 crore of disbursements for the quarter under review, up 10 per cent, over Rs 3,188 crore disbursed in first quarter of last financial year, it said.
The Net Income Margin was 8.5 per cent for the quarter ending June 30, 2015 as against 7.6 per cent registered during corresponding quarter of the previous fiscal.
In another BSE filing, the company said its Board has approved reappointment of Vellayan Subbiah as Managing Director for a period of two years to be effective from August 19, 2015, subject to the approval of shareholders.