Cholamandalam Financial Holdings profit before tax declines 25.8%

For the year 2019-20, the profit before tax declined 15.4 per cent at Rs 1,806.89 crore compared to Rs 2,135.90 crore during the previous year

Cholamandalam Financial Holdings Ltd, which holds 45.50 per cent stake in Cholamandalam Investment and Finance Company, has registered a decline of 25.8 per cent in profit before tax of Rs 26.16 crore during the quarter which ended March 31, 2020, as compared to Rs 35.26 crore in the same period of previous financial year. The total income declined 21.4 per cent to Rs 28.66 crore in comparison to Rs 36.47 crore of income generated in the corresponding quarter of last year.

For the year 2019-20, the profit before tax declined 15.4 per cent at Rs 1,806.89 crore compared to Rs