Cholamandalam Investment and Finance Company Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2017
July 27, 2017 at 05:33 am EDT
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Cholamandalam Investment and Finance Company Ltd. reported unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, on the standalone basis, revenue from operation was INR 12,348.0 million against INR 11,084.7 million a year ago. Profit from operations before other income and exceptional items were INR 3,181.3 million against INR 2,537.0 million a year ago. Profit before tax was INR 3,183.3 million against INR 2,537.0 million a year ago. Net profit was INR 2,065.8 million or INR 13.21 per diluted share against INR 1,657.3 million or INR 10.60 per basic and diluted share a year ago.
For the quarter, on the consolidated basis, revenue from operation was INR 12,468.5 million against INR 11,148.1 million a year ago. Profit from operations before other income exceptional items was INR 3,191.7 million against INR 2,557.5 million a year ago. Profit before tax was INR 3,191.7 million against INR 2,557.5 million a year ago. Net profit was INR 2,069.9 million or INR 13.27 per diluted share against INR 1,670.9 million or INR 10.70 per basic and diluted share a year ago. ROE was 18.8% against 17.8% 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 Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2017