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 05:07 pm
Share
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 equipment financing company. The Company offers vehicle finance, home loans, loans against property, small and medium enterprises (SME) loans, consumer and small enterprise loans, secured business and personal loans, insurance agency, mutual fund distribution and a variety of other financial services to customers. Its segments include Vehicle Finance, Loan against property, Home Loans and Other loans. The Vehicle Finance Loans segment provides loans to customers against the purchase of new/used vehicles, tractors, construction equipment and loans to automobile dealers. Loan against property segment provides loans to customers against immovable property. The Home Loans segment provides loans for the acquisition of residential property. Its Other loans segment offers loans against shares and other unsecured loans. Its subsidiaries include Cholamandalam Securities Limited and Cholamandalam Home Finance Limited.
Cholamandalam Investment and Finance Company Ltd. Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012