Cholamandalam Investment Q2 net profit up 26% to Rs 963 crore
- Posted on October 25, 2024
- By Financial Express
- 1 Views
Cholamandalam Investment Q2 net profit up 26% to Rs 963 crore
Cholamandalam Investment and Finance Company reported a 26% increase in net profit in the second quarter, driven by strong interest income. The company’s revenue from operations also saw a 40% jump, with total expenses increasing by 40%. Despite this, the NBFC’s Capital Adequacy Ratio remained high at 19.50%.
