Chennai:
Cholamandalam
DBS Finance Limited has logged a revenue of Rs168 crore
during the first quarter of FY08 as against Rs61 crore
earned during the same period the previous fiscal.
Disbursements
during the period under review were Rs995.70 crore.
The company posted a growth of 132 per cent in total
disbursements during the period April â€"
June, 2007 over the corresponding period of the previous
year. The disbursements were at Rs.995.70 crores, up
from Rs.428.52 crores during the same period last year.
The disbursements of vehicle finance grew by 39 per
cent over the previous year and the rest of the growth
was from the new businesses of personal loans and home
equity.
Profit before tax (PBT) increased to Rs13.20 crore as
compared to Rs5.52 crores during the same period in
the year 2006. Profit after tax (PAT) stood at Rs8.36
crore as compared to Rs3.53 crore during the same period
in the year 2006. The growth in profits is after accounting
for all expenses of the new business of personal loans
and home equity loans.
According
to managing director Atul Pande, the changing product
mix is having a postivie impact on the revenue flow
of the company. The company today is acquiring more
than 20,000 new customers every month across all its
product categories.
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