Cholamandalam Investment and Finance Company Ltd. Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 31, 2012 at 02:26 pm
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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, 2011. For the quarter, the company reported consolidated total income of INR 4,714.8 million against INR 2,953.8 million a year ago. Profit from operations before other income & exceptional items was INR 676 million compared to INR 105.6 million a year ago. Profit before tax and exceptional items were INR 686.5 million against INR 100.3 million a year ago. Profit before tax was INR 681 million against INR 107.1 million a year ago. Net profit was INR 405.6 million or INR 3.40 per diluted share compared to INR 71.3 million or INR 0.60 per diluted share a year ago.
For the nine months, the company reported consolidated total income of INR 12,440.9 million against INR 8,596.8 million a year ago. Profit from operations before other income & exceptional items was INR 1,604.2 million compared to INR 620 million a year ago. Profit before tax and exceptional items were INR 2,206.9 million against INR 736.5 million a year ago. Profit before tax was INR 1,910.5 million against INR 733.5 million a year ago. The profit after tax was INR 1,082.2 million or INR 9.07 per diluted share as against INR 480.8 million or INR 4.52 per diluted share in the previous year registering a growth of 125%.
For the quarter, standalone income from operations was INR 4,577.1 million compared to INR 2,815.9 million a year ago. Profit from operations before other income & exceptional items was INR 686.5 million compared to INR 100.3 million a year ago. Profit from ordinary activities before tax was INR 686.5 million compared to INR 100.3 million a year ago. Net profit was INR 410.7 million or INR 3.44 per diluted share compared to INR 66.7 million or INR 0.55 per diluted share a year ago.
For the nine months, standalone income from operations was INR 12,079.3 million compared to INR 8,316.4 million a year ago. Profit from operations before other income & exceptional items was INR 2,206 million compared to INR 623.8 million a year ago. Profit from ordinary activities before tax was INR 1,987.3 million compared to INR 736.5 million a year ago. Net profit was INR 1,186.8 million or INR 9.95 per diluted share compared to INR 1,193.5 million or INR 4.58 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, 2011