Cholamandalam Investment and Finance Company Limited Announces Unaudited Standalone Financial Results for the Third Quarter and Nine Months Ended December 31, 2018
January 30, 2019 at 07:14 am EST
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Cholamandalam Investment and Finance Company Limited announced unaudited standalone financial results for the third quarter and nine months ended December 31, 2018. For the quarter, the company reported revenue from operations of INR 18,306.9 million against INR 13,893.8 million a year ago. Total Income was INR 18,308.0 million against INR 13,894.6 million a year ago. Profit for the period was INR 3,043.7 million against INR 2,194.3 million a year ago. Earnings per share (EPS) - not annualized basic were INR 19.47 against INR 14.04 a year ago. Earnings per Share (EPS) - not annualized diluted were INR 19.45 against INR 14.03 a year ago.
For the quarter, the company reported revenue from operations of INR 51,196.2 million against INR 40,472.9 million a year ago. Total Income was INR 51,200.3 million against INR 40,475.0 million a year ago. Profit for the period was INR 8,942.9 million against INR 6,330.4 million a year ago. Earnings per share (EPS) - not annualized basic were INR 57.20 against INR 40.50 a year ago. Earnings per share (EPS) - not annualized diluted were INR 57.15 against INR 40.49 a year ago.
Cholamandalam Investment and Finance Company Limited is an India-based equipment financing company. The Company offers vehicle finance, home loans, loans against property, small and medium enterprises (SME) loans, consumer and small enterprise loans, secured business and personal loans, insurance agency, mutual fund distribution and a variety of other financial services to customers. Its segments include Vehicle Finance, Loan against property, Home Loans and Other loans. The Vehicle Finance Loans segment provides loans to customers against the purchase of new/used vehicles, tractors, construction equipment and loans to automobile dealers. Loan against property segment provides loans to customers against immovable property. The Home Loans segment provides loans for the acquisition of residential property. Its Other loans segment offers loans against shares and other unsecured loans. Its subsidiaries include Cholamandalam Securities Limited and Cholamandalam Home Finance Limited.
Cholamandalam Investment and Finance Company Limited Announces Unaudited Standalone Financial Results for the Third Quarter and Nine Months Ended December 31, 2018