Cholamandalam Q4 net up 33% at Rs 2.9 bn on robust vehicle finance biz

Profit for FY18 up 35.5% to Rs 9.7 billion, loan disbursements up 35.1%

Cholamandalam Investment and Finance Company Ltd (CHOLA) has posted a net profit of Rs 2.91 billion for the fourth quarter ended March 31, 2018, an increase of 32.6 per cent from Rs 2.19 billion in  net profits reported during the third quarter of FY2018. 

The company’s net profit has grown by 35.5 per cent on an annual basis to Rs 9.74 billion for the financial year ending March 31, 2018, from Rs 7.18 billion in the previous fiscal year.

Loan disbursements are up by 35.1 per cent, to Rs 251.14 billion for FY2018 as against Rs 185.9 billion worth of loans disbursed