Cholamandalam Investment logs 27 percent growth in

Chennai, Oct 23 (IANS) Non-banking finance company Cholamandalam Investment and Finance Company Ltd on Friday said it had closed the second quarter of the current fiscal with 27 percent growth in profit.

In a statement issued here, the company said it had posted a net profit of Rs.120.47 crore for the quarter ended September 30 up from Rs.95.13 crore posted during previous year’s corresponding period.

During the quarter under review, the company’s aggregate disbursements were Rs.3,672 crore as against Rs.3,028 crore in the same period last fiscal, a growth of 21 percent.

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