Cholamandalam Investment posts higher profit

January 27th, 2011 - 11:37 pm ICT by IANS  

Chennai, Jan 27 (IANS) Non-banking financial company (NBFC) Cholamandalam Investment and Finance Company Limited closed the third quarter with a revenue of Rs.300 crore and a net profit of Rs.7.13 crore as against Rs.249 crore and Rs.6.26 crore respectively in the corresponding period of the previous fiscal.According to the company, during the quarter under review the company disbursed Rs.1,158 crore for vehicle purchase, Rs.315 crore under home equity, and Rs.655 crore under corporate and mortgage finance.

The company’s capital adequacy ratio stands at 18.76 percent as on Dec 31, 2010.

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