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Cholamandalam Investment Q2 profit up by 27 %

NIM up by 20% during the quarter

BS Reporter  |  Chennai 

Cholamandalam Investment Q2 profit up by 27 %

Cholamandalam Investment and Finance Company Limited has reported a 27% growth in net profit to Rs 120 crore during the quarter ended September 2015 as against Rs 95.13 crore, a year ago.

Net Income Margin (NIM) during the quarter rose by 20% to Rs 506.41 crore from Rs 420.27 crore, a year ago.

Chola was able to exit the quarter at a GNPA level of 3.39% at five months' overdue, which was almost the same as the GNPA at the end of June 2015 (3.33%).

First Published: Fri, October 23 2015. 18:54 IST