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Cholamandalam Financial Holdings Ltd Q2FY24; 47% rise in Profits

Cholamandalam Financial Holdings Limited (CFHL) is a part of the Murugappa Group. The Co. is a Core Investment Company registered with the RBI, offering a diverse range of financial products and risk management services to individual and corporate customers through its group companies.

Financial Results:

Cholamandalam Financial Holdings Ltd reported Revenues for Q2FY24 of ₹6,300.00 Crores up from ₹4,298.00 Crore year on year, a rise of 46.58%.

Total Expenses for Q2FY24 of ₹5,159.00 Crores up from ₹3,542.00 Crores year on year, a rise of 45.65%.

Consolidated Net Profit of ₹888.00 Crores up 46.53% from ₹606.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹22.41, up 48.71% from ₹15.07 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Finance
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