You are here: Home » Companies » Results
Business Standard

Cholamandalam Financial's standalone fourth quarter net at Rs 31.97 crore

For the year ending March 31, 2021, the standalone total income was Rs 58.14 crore against Rs 90.90 crore last year.

Topics
Cholamandalam | Q4 Results

Press Trust of India  |  Chennai 

Cholamandalam Investment
Cholamandalam Investmen

Financial Holdings Ltd has reported a standalone profit of Rs 31.97 crore for the quarter ending March 31, 2021.

The city-based Murugappa Group company registered standalone profit of Rs 25.36 crore during the corresponding quarter last.

For the year ending March 31, 2021, standalone profits stood at Rs 21.71 crore against Rs 83.33 crore a year ago.

The standalone total income for the quarter under review grew to Rs 50.74 crore from Rs 28.66 crore registered in the same quarter last fiscal.

For the year ending March 31, 2021, the standalone total income was Rs 58.14 crore against Rs 90.90 crore last year.

The company, in a statement, said the standalone profit after tax for the year ending March 31, 2021 was lower on account of lower dividend income and interest cost recognised on borrowing made for equity investment in a subsidiary company.

MS General Insurance Company Ltd, a subsidiary in general insurance, registered a gross written premium of Rs 4,705 crore in FY '21 against Rs 4,824 crore last year.

MS Risk Services Ltd, a joint venture company, registered a total income of Rs 43.59 crore for the year ending March 31, 2021 against Rs 48.90 crore registered in the same period last year.

Cholamandalam Investment and Finance Company Ltd said it disbursed Rs 26,043 crore in FY '21 compared to Rs 29,091 crore last year.

The decline was primarily due to lower disbursements in Q1 and Q2 of FY 2021 due to COVID-19 enforced lockdown, the company said.

The board of directors, which met on Friday, recommended a final dividend of 55 per cent being Rs 0.55 per equity share of face value of Re 1 of the company for the year ending March 31, 2021 - subject to shareholders approval, the company said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, May 15 2021. 16:44 IST
RECOMMENDED FOR YOU
.