Cholamandalam Investment and Finance Company Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 30, 2018 at 07:26 am EST
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Cholamandalam Investment and Finance Company Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on standalone basis, the company reported revenue from operations of INR 13,832.5 million against INR 11,756.7 million a year ago. Profit before exceptional and extraordinary items and tax was INR 3,792 million against INR 2,509.2 million a year ago. Profit before tax was INR 3,792 million against INR 2,509.2 million a year ago. Net profit for the period was INR 2,492 million or INR 15.94 per diluted share before and after extraordinary items against INR 1,625.2 million or INR 10.40 per diluted share before and after extraordinary items a year ago. ROE was 20.6% against 15.8% a year ago.
For the nine months, on standalone basis, the company reported revenue from operations of INR 39,139.6 million against INR 34,462.8 million a year ago. Profit before exceptional and extraordinary items and tax was INR 10,445.2 million against INR 7,679.8 million a year ago. Profit before tax was INR 10,445.2 million against INR 7,679.8 million a year ago. Net profit for the period was INR 6,830.3 million or INR 43.69 per diluted share before and after extraordinary items against INR 4,991.9 million or INR 31.94 per diluted share before and after extraordinary items a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations was INR 14,043.3 million against INR 11,841.3 million a year ago. Profit before exceptional and extraordinary items and tax was INR 3,801.2 million against INR 2,518.2 million a year ago. Profit before tax was INR 3,801.2 million against INR 2,518.2 million a year ago. Profit for the period was INR 3,497.2 million or INR 16 per diluted share before and after extraordinary items against INR 1,629.6 million or INR 10.45 per diluted share before and after extraordinary items a year ago.
For the nine months, on consolidated basis, the company reported revenue from operations was INR 39,638.9 million against INR 34,711.4 million a year ago. Profit before exceptional and extraordinary items and tax was INR 10,476.8 million against INR 7,681 million a year ago. Profit before tax was INR 10,476.8 million against INR 7,681 million a year ago. Profit for the period was INR 6,847.1 million or INR 43.86 per diluted share before and after extraordinary items against INR 4,973.9 million or INR 31.88 per diluted share before and after extraordinary items a year ago.
Cholamandalam Investment and Finance Company Limited is an India-based non-banking financial company (NBFC - investment and credit company). It is primarily engaged in the business of financing. Its segments include Vehicle Finance, Loan against property, Home Loans and Other Loans. Vehicle Finance segment provides loans to customers against purchase of new/used vehicles, tractors, construction equipments and loans to automobile dealers. Loan against property segment provides loans to customers against immovable property. Home Loans segment includes loans given for acquisition/construction of residential property and loans against the residential/commercial property. Other Loans segment consists of consumer and small enterprise loans, secured business and personal loans and SME loans. It has a license to act as a composite corporate agent for solicitation and procurement of insurance business for life insurers, general insurers and health insurers as specified under IRDAI Regulations.
Cholamandalam Investment and Finance Company Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017