Cholamandalam Financial Holdings Ltd board to consider FY21 results on May 14, 2021 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Chola Financial posts 6% increase in Q3 profit
Updated:
Updated:
Total income climbs 7% to ₹3,645 cr.
Share Article
Total income climbs 7% to ₹3,645 cr.
Cholamandalam Financial Holdings Ltd. (CFHL) reported a 6% increase in its consolidated net profit for the third quarter ended December to ₹455 crore.
Total income rose 7% to ₹3,645 crore. However, on a standalone basis, CFHL reported a loss of ₹3.48 crore compared with a net profit of ₹39.36 crore a year earlier due to interest costs recognised on the borrowing made for ‘equity investment in a subsidiary company’, it said in a regulatory filing.
Cholamandalam Investment & Finance Co. Ltd. disbursed ₹7,926 crore compared with ₹7,475 crore and posted a net profit of ₹409 crore (₹389 crore). Assets under management grew 15% to ₹75,813 crore.
Read more about Financials shares gain on Business Standard. Financials stocks were trading in the positive zone, with the S&P BSE Finance index rising 50.2 points or 0.74% at 6841.07 at 09:48 IST.
Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 79.9 points or 1.15% at 6891.64 at 13:48 IST. Among the components of the S&P BSE Finance index, Dewan Housing Finance Corporation Ltd (down 4.99%), Reliance Capital Ltd (down 4.93%),AU Small Finance Bank Ltd (down 4.65%),Dolat Investments Ltd (down 4.28%),Centrum Capital Ltd (down 4.25%), were the top losers. Among the other losers were RBL Bank Ltd (down 3.76%), Central Bank of India (down 3.72%), IFCI Ltd (down 3.2%), IndusInd Bank Ltd (down 3.15%), and Union Bank of India (down 2.97%). On the other hand, JSW Holdings Ltd (up 3.87%), Cholamandalam Financial Holdings Ltd (up 1.11%), and Paisalo Digital Ltd (up 0.88%) moved up.