Chola's consolidated Q1 net up 23.8%


Press Trust of India Chennai
: Financial services provider Cholamandalam Investment and Finance Company (CHOLA), has recorded 23.8 per cent rise, in consolidated net profits at Rs 206.99 crore for the quarter ending June 30, 2017.

The city-based Murugappa Group company has recorded consolidated net profits at Rs 167.09 crore during corresponding period of last year.

For the year ending March 31, 2017 consolidated net profits stood at Rs 717.92 crore, a company statement said.

The consolidated total revenue for the April-June 30, 2017 quarter went upto Rs 1,246.92 crore, from Rs 1,115.10 crore registered during year ago period.

For the financial year ending March 31, 2017, consolidated total revenue was at Rs 4,696.84 crore.

The company disbursed Rs 4,853 crore during the April-June 30, 2017 period as against Rs 4,561 crore during corresponding three months of last year.

Net interest margin for the quarter ending June 30, 2017 was at 8.0 per cent as compared to 7.1 per cent during the same quarter of last year.

The capital adequacy ratio of the company was at 19.37 per cent as against the regulatory requirement of 15 per cent.

Chola currently operates 703 branches across the country with assets under management at Rs 35,000 crore.

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First Published: Jul 27 2017 | 6:48 PM IST

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