Cholamandalam Investment and Finance Company Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 25, 2017 at 11:10 am
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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, 2016. For the quarter, on standalone basis, the company reported income from operations of INR 11,697.5 million against INR 10,491.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,508.3 million against INR 2,208.7 million a year ago. Profit from ordinary activities before tax was INR 2,509.2 million against INR 2,209.4 million a year ago. Net profit for the period was INR 1,625.2 million or INR 10.40 per diluted share before and after extraordinary items against INR 1,457.0 million or INR 9.32 per diluted share before and after extraordinary items a year ago. ROE was 15.8% against 16.70% a year ago.
For the nine months, on standalone basis, the company reported income from operations of INR 34,272.0 million against INR 30,450.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 7,673.4 million against INR 5,743.7 million a year ago. Profit from ordinary activities before tax was INR 7,679.8 million against INR 5,746.1 million a year ago. Net profit for the period was INR 4,991.9 million or INR 31.94 per diluted share before and after extraordinary items against INR 3,764.2 million or INR 25.03 per diluted share before and after extraordinary items a year ago. ROE was 17.0% against 14.9% a year ago.
For the quarter, on consolidated basis, the company reported income from operations was INR 11,743.8 million against INR 10,545.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,515.1 million against INR 2,239.6 million a year ago. Profit before tax was INR 2,518.2 million against INR 2,240.5 million a year ago. Profit for the period was INR 1,629.6 million or INR 10.45 per diluted share before and after extraordinary items against INR 1,480.3 million or INR 9.47 per diluted share before and after extraordinary items a year ago.
For the nine months, on consolidated basis, the company reported income from operations was INR 34,437.0 million against INR 30,604.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 7,668.9 million against INR 5,802.7 million a year ago. Profit before tax was INR 7,681.0 million against INR 5,807.4 million a year ago. Profit for the period was INR 4,973.9 million or INR 31.88 per diluted share before and after extraordinary items against INR 3,808.6 million or INR 25.33 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, 2016