Cholamandalam Financial Holdings posts consolidated Q3 PAT at Rs 1,027 cr

Cholamandalam Financial Holdings Ltd has recorded a consolidated profit after tax of Rs 1,027 crore for the October-December 2023 quarter, the company said on Tuesday. The city-headquartered company, part of the diversified conglomerate Murugappa Group, had registered a consolidated profit after tax at Rs 720.16 crore, during the corresponding quarter of last year.Total income for the quarter under review grew to Rs 6,842.03 crore, from Rs 4,776.75 crore registered year ago. The consolidated profit after tax for the nine month period ended December 31, 2023 grew to Rs 2,706.81 crore, from Rs 1,908.85 crore registered in the same period of last year. The consolidated total income for the nine month period ended December 31, 2023 surged to Rs 18,928.85 crore, from Rs 13,094.80 crore registered in the same period of last year. Cholamandalam Investment and Finance Company Ltd, in which Cholamandalam Financial Holdings Ltd has 44.41 per cent stake, disbursed Rs 22,383 crore, during the

from Companies https://ift.tt/ML38mRA