Cholamandalam Q3 Net up 14.1 pc at Rs 93.06 cr

Cholamandalam Investment and Finance Company, part of the diversified business conglomerate Murugappa Group, today reported 14.1 per cent jump in net profit at Rs 93.06 crore for third quarter ended December 31.
The city-based company has reported a net profit of Rs 81.51 crore during the corresponding period of previous year, the company said in a statement.
For the nine month period ending December 31, 2013 the net profits of the company rose by 25.1 per cent to Rs 275.92 crore from Rs 220.50 crore registered during the same period of previous year.
The consolidated total income from operations for the three month period ended December 31 soared to Rs 831.02 crore from Rs 657.37 crore registered during the same period of previous year.

For the nine month period ending December 31, 2013 the consolidated total income from operations jumped to Rs 2,368.22 crore from Rs 1,787.17 crore registered during the same period of previous year.
The Board of Directors at its meeting today declared an interim dividend of Rs 2.50 per share (25 per cent of the face value of Rs 10 per share) to its shareholders for the year ending March 31, 2014.
On the performance of the company's subsidiaries, the statement said, the subsidiaries made a profit of Rs three crore during the nine month period ending December 31, 2013 as compared to a loss of Rs 0.29 crore registered during the corresponding period of previous year.