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Chennai:
Cholamandalam
Investment and Finance Company has registered a net
profit of Rs8.6 crore for the quarter ended September,
compared with Rs8.35 crore in the same quarter of last
year.
According
to a statement from Cholamandalam Investment, in the
first six months of the current year, the company
posted a growth of 18 per cent in disbursements. Total
disbursements for the period were Rs509 crore. The
company's gross asset base, including securitised
assets, grew by 13 per cent to Rs1,843 crore.
For
the half-year, the company has reported a net profit
of Rs18.02 crore against Rs17.60 crore previously.
The
company's capital adequacy ratio stands at 18 per
cent of its risk-weighted assets, against the RBI's
requirement of 12 per cent.
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