Q3 results: CIFCL PBT grows 9.4% at Rs 522.90 crore, income up by 23%

The company will be issuing shares to its promoter entity Cholamandalam Financial Holdings Ltd to raise around Rs 300 crore in one or more tranches

Gireesh Babu | Chennai
Last Updated at January 23, 2020 18:50 IST

shares, growth, results, earnings, GDP, markets, stock, investment, shares, buybacks, investor, equity, BSE

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Cholamandalam Investment and Finance Company Ltd (CIFCL), part of Murugappa Group posted 9.36 per cent growth with Profit Before Tax (PBT) at Rs 522.90 crore in the third quarter of FY20, as against Rs 478.16 crore during the same quarter last year.

The total income grew 23 per cent to Rs 2,289.3 crore during the quarter, as compared to Rs 1,860.58 crore posted in the corresponding period of the previous year.

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