Latest News | Cholamandalam Financial Holdings Q2 Net Jumps 56pc to Rs 506cr

New Delhi, Nov 3 (PTI) Cholamandalam Financial Holdings Ltd on Tuesday reported a 55.5 per cent jump in its consolidated net profit to Rs 505.55 crore for the second quarter of the current fiscal.

The company had posted a net profit of Rs 325.15 crore in the same quarter a year ago. However, the profit was down sequentially from Rs 589.46 crore in first quarter ended June 30, 2021.

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Total income during the September quarter rose to Rs 3,503.15 crore from Rs 3,340.64 crore in the same period a year ago, Cholamandalam Financial Holdings said in a regulatory filing.

Assets under management grew by 16 per cent to Rs 74,471 crore as on September 30, 2020, as compared to Rs 64,409 crore as on September 30, 2019, it said.

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Stock of the company closed 2.20 per cent up at Rs 410.45 apiece on BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)