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Cholamandalam Financial s standalone fourth quarter net at Rs 31 97 crore

The city-based Murugappa Group company registered standalone profit of Rs 25.36 crore during the corresponding quarter last. For the year ending March 31, 2021, standalone profits stood at Rs 21.71 crore against Rs 83.33 crore a year ago. The standalone total income for the quarter under review grew to Rs 50.74 crore from Rs 28.66 crore registered in the same quarter last fiscal. For the year ending March 31, 2021, the standalone total income was Rs 58.14 crore against Rs 90.90 crore last year. The company, in a statement, said the standalone profit after tax for the year ending March 31, 2021 was lower on account of lower dividend income and interest cost recognised on borrowing made for equity investment in a subsidiary company.

Chola Financial Holdings Q4 net ₹31 97 crore

For the year ended March 31, profit was ₹21.71 crore, against ₹83.33 crore. Cholamandalam Financial Holdings Ltd. has reported a standalone profit of ₹31.97 crore for the quarter ended March 31. The company had posted a profit of ₹25.36 crore in the year-earlier quarter. For the year ended March 31, profit was ₹21.71 crore, against ₹83.33 crore. Total income for the quarter grew to ₹50.74 crore, from ₹28.66 crore in the same quarter last fiscal. Full-year profit was lower on account of lower dividend income and interest cost recognised on borrowing made for equity investment in a subsidiary, the firm said in a statement. Cholamandalam MS General Insurance Company Ltd, a subsidiary in general insurance, registered a gross written premium of ₹ 4,705 crore in FY ‘21 against ₹ 4,824 crore last year.

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