Cholamandalam Financial Q1 Earnings: Murugappa Group firm logs PAT of Rs 1,160 crore
The company, part of the diversified conglomerate Murugappa Group had registered a profit after tax of Rs 791.78 crore during the corresponding quarter of last year.
Cholamandalam Financial Holdings Ltd has reported a consolidated profit after tax for the April-June 2024 quarter to Rs 1,159.56 crore, the company said on Friday.
The company, part of the diversified conglomerate Murugappa Group had registered a profit after tax of Rs 791.78 crore during the corresponding quarter of last year.
For the financial year ending March 31, 2024 the consolidated profit after tax stood at Rs 3,850.56 crore.
The consolidated total income during the June-quarter grew to Rs 7,677.43 crore, from Rs 5,714.59 crore registered in the same quarter of last year.
For the financial year ending March 31, 2024 the consolidated total income stood at Rs 26,086.76 crore.
Cholamandalam Investment and Finance Company Ltd, in which Cholamandalam Financial Holdings Ltd holds about 44.38 per cent stake disbursed Rs 24,332 crore in April-June 2024 quarter as against Rs 20,015 crore in the corresponding quarter of last year.
Cholamandalam MS General Insurance Company Ltd, in which the company (CFHL) holds 60 per cent stake registered a Gross Written Premium of Rs 1,957 crore during the quarter under review as against Rs 1,731 crore in the corresponding quarter of last year.
Cholamandalam MS Risk Services Ltd, a joint venture company in which Cholamandalam Financial Holdings has about 49.5 per cent stake, registered a total income of Rs 16.29 crore for the quarter ending June 30, 2024 as against Rs 15.28 crore in the corresponding quarter of last year.
TAKE
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
Top 7 Mid Cap Mutual Funds With up to 41% SIP Returns in 5 Years: No 1 fund has converted Rs 15,000 monthly investment into Rs 23,84,990
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
06:58 PM IST