Cholamandalam Investment Q2 net up

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.