CIFCL Q4: Net profit up 184% to Rs 690 cr, total income rises 6%

Performance was aided by strong signs of recovery in the auto and mortgage industries.

Murugappa Group’s Cholamandalam Investment and Finance Company (CIFCL) has posted a 184 per cent jump in net profit for the fourth quarter of the financial year 2021-22 to Rs 690 crore. It’s profit was Rs 243 crore the same period in 2020-21.

The company’s total income was seen up by 6 per cent at Rs 2,632 crore for the quarter under review, as compared to Rs 2,478 crore during the fourth quarter of the previous fiscal. The company had delivered its best-ever disbursals, collections, and profitability in Q4 FY22. 

The performance was aided by strong signs of recovery in the automobile and