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Cholamandalam Investment & Finance Company Ltd Q2FY24; 37% rise in Profits

Cholamandalam Investment & Finance Company is one of the premier diversified non-banking finance companies in India, engaged in providing vehicle finance, home loans and Loan against property.

Financial Results:

Cholamandalam Investment & Finance Company Ltd reported Revenues for Q2FY24 of ₹4,623.00 Crores up from ₹3,017.00 Crore year on year, a rise of 53.23%.

Total Expenses for Q2FY24 of ₹3,634.00 Crores up from ₹2,308.00 Crores year on year, a rise of 57.45%.

Consolidated Net Profit of ₹773.00 Crores up 37.3% from ₹563.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹9.40, up 37.23% from ₹6.85 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: NBFC
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