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Chennai: Even as the topline increased to Rs60.60 crore, the increase in interest outgo by Rs10.2 crore, in business origination costs by Rs2.84 crore and in other operating costs by Rs2.2 crore has impacted the bottomline of Chennai-based Cholamandalam DBS Finance Limited badly during the first quarter. The company closed the first three months with a net profit of Rs3.53 crore down by Rs3.99 crore. According to a company release, the profits were lower on account of the absorption of upfront expenses relating to new products in consumer finance.
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