Cholamandalam Financial Holdings reports 90% rise in Q1 consolidated net profit
13th Aug 2020

Cholamandalam Financial Holdings has reported results for the first quarter ended June 30, 2020.

The company has reported a net loss of Rs 3.36 crore for the quarter under review against net profit of Rs 2.56 crore for the same quarter in the previous year. Total income of the company decreased by 37.93% at Rs 2.52 crore for Q1FY21 as compared Rs 4.06 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 89.95% in its net profit attributed to owner at Rs 288.89 crore for the quarter under review as compared to Rs 152.09 crore for the same quarter in the previous year. Total income of the company increased by 3.56% at Rs 3,233.85 crore for Q1FY21 as compared Rs 3,122.67 crore for the corresponding quarter previous year.