Latest News | Cholamandalam Investment and Finance Q1 Profit Up 21 Pc to Rs 1,136 Cr

New Delhi, Jul 31 (PTI) Cholamandalam Investment and Finance Company Ltd (CIFCL) on Thursday reported a 21 per cent growth in profit at Rs 1,136 crore for the June quarter.

The company, which is the financial services arm of diversified conglomerate Murugappa Group, had registered a standalone profit after tax of Rs 942 crore in the corresponding quarter of last year.

Also Read | RBI Bank Holiday List for August 2025: From Raksha Bandhan to Independence Day and Ganesh Chaturthi, Banks To Remain Closed on These Days; Check Full List.

Total income during the quarter under review increased to Rs 7,331 crore, from Rs 5,828 crore reported in the corresponding quarter of last year, CIFCL said in a regulatory filing.

The total expenses during the period grew to Rs 5,801 crore from Rs 4,560 crore in the corresponding period a year ago.

Also Read | Bodoland Lottery Result Today, July 31, 2025: Assam State Lottery Sambad Thursday Lucky Draw Results Declared, Check Bodoland Lottery Live Winning Numbers.

Disbursements made during the quarter ending June 30, 2025 remained flat at Rs 24,325 crore.

However, assets under management during the quarter rose to Rs 2,07,663 crore, from Rs 1,68,832 crore in the same period last year, registering 23 per cent improvement.

The capital adequacy ratio of the company as of June 30, 2025, was at 19.96 per cent as against the regulatory requirement of 15 per cent.

(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)