Cholamandalam Investment and Finance Company Ltd. Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 18, 2013 at 12:07 pm EST
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Cholamandalam Investment and Finance Company Ltd. announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, the company reported, income from operations of INR 6,538.0 million against INR 4,577.1 million a year ago. Profit from operations before other income & exceptional items was INR 1,219.6 million compared to INR 683.9 million a year ago. Profit from ordinary activities before tax was INR 1,224.2 million against INR 686.5 million a year ago. Net profit was INR 814.4 million or INR 6.13 per diluted share compared to INR 410.7 million or INR 3.44 per diluted share a year ago.
For the nine months, on standalone basis, the company reported income from operations of INR 17,768.5 million against INR 12,079.3 million a year ago. Profit from operations before other income & exceptional items was INR 3,260.7 million compared to INR 3,007.4 million a year ago. Profit from ordinary activities before tax was INR 1,987.3 million against INR 2,901.1 million a year ago. Net profit was INR 2,207.9 million or INR 16.63 per diluted share compared to INR 1,186.8 million or INR 9.95 per diluted share a year ago.
For the quarter, on consolidated basis, the company's income from operations was INR 6,573.7 million compared to INR 5,900.5 million a year ago. Profit from operations before other income & exceptional items was INR 1,220.2 million compared to INR 666.4 million a year ago. Profit from ordinary activities before tax was INR 1,225.1 million compared to INR 1,025.0 million a year ago. Net profit was INR 815.1 million or INR 6.14 per diluted share compared to INR 405.6 million or INR 3.40 per diluted share a year ago.
For the nine months, on consolidated basis, the company's income from operations was INR 17,871.7 million compared to INR 12,178.3 million a year ago. Profit from operations before other income & exceptional items was INR 3,251.7 million compared to INR 1,361.7 million a year ago. Profit from ordinary activities before tax was INR 3,280.6 million compared to INR 1,910.5 million a year ago. Net profit was INR 2,205.0 million or INR 16.60 per diluted share compared to INR 1,082.2 million or INR 9.07 per diluted share 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 Ltd. Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012