Economic TimesLean R·
Cholamandalam Investment Q2 Results: Profit surges 41% to Rs 1,630 crore; co plans to raise Rs 5,00O crore via QIP
Cholamandalam Investment and Finance Company has reported an impressive 41 percent surge in net profit for the second quarter, marking Rs 1,630 crore, up from Rs 1,155 crore the previous year. Their total income significantly increased to Rs 9,367 crore, primarily fueled by rising interest income. Additionally, the company's gross non-performing assets improved to 3.29 percent, signaling enhanced asset quality.
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