 "Cholamandalam Q1 profit up 50% at Rs 167 cr")
The Murugappa group firm had reported consolidated profit after tax at Rs 111.10 crore during the corresponding quarter a year ago.
Consolidated profit after tax for the financial year ending March 31, 2016, stood at Rs 574.65 crore.
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"The total income from operations for the quarter under review grew to Rs 1,114.81 crore from Rs 990.46 crore during the corresponding period of previous year," the company said in a press release.
For the last fiscal, consolidated total income from operations was pegged at Rs 4,213.75 crore.
"The company has made disbursements of Rs 4,561 crore, up 30% from Rs 3,508 crore disbursed during the same quarter of previous year," the release said.
The net income margin for April-June was at 8.4% compared to 8.5% over the same period last fiscal.
Stock of Cholamandalam Investment ended at Rs 1092, up 0.75% from the previous close on BSE.
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