Cholamandalam Financ Q4 net profit up 13.54% at Rs 36.30 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 36.30 crore for the quarter ended March 31, 2022 as compared to Rs 31.97 crore in the same period last year, registering a year-on-year growth of 13.54 per cent. Net revenue of the company rose by 0.30 per cent at Rs 50.85 crore in January-March quarter of this fiscal as against Rs 50.70 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 1.75 per cent to Rs 1.12 crore from Rs 1.14 crore in year ago period. Operating Profit surged by 0.34 per cent to Rs 49.73 crore as against Rs 49.56 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.05 per cent in March quarter. Interest declined by 54.23 per cent y-o-y to Rs 2.49 crore, while Taxation decreased by 10.34 per cent at Rs 10.93 crore (Mar'21 Rs 12.19 crore).
