Cholamandalam Investment posts 31 percent growth in profit

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Chennai, Jan 29 (IANS) City based non-banking finance company Cholamandalam Investment and Finance Company Ltd on Friday said it closed the third quarter with 31 percent growth in its net profit.

In a regulatory filing in the BSE, the company said it has posted a net profit of Rs.145.70 crore for the quarter ended December 31, 2015 as compared to Rs.111.29 crore for the quarter ended December 31, 2014.

Total income has increased from Rs. 964.71 crore for the quarter ended December 31, 2014 to Rs. 1,053.90 crore for the quarter ended December 31, 2015.

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