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05-04-2023 02:53 PM | Source: Accord Fintech
Cholamandalam Investment and Finance Company zooms on reporting 25% rise in Q4 consolidated net profit
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Cholamandalam Investment and Finance Company is currently trading at Rs. 948.85, up by 62.40 points or 7.04% from its previous closing of Rs. 886.45 on the BSE.

The scrip opened at Rs. 915.00 and has touched a high and low of Rs. 970.20 and Rs. 915.00 respectively. So far 287266 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970.20 on 03-May-2023 and a 52 week low of Rs. 594.00 on 14-Jun-2022.

Last one week high and low of the scrip stood at Rs. 970.20 and Rs. 831.05 respectively. The current market cap of the company is Rs. 77954.09 crore.

The promoters holding in the company stood at 51.47%, while Institutions and Non-Institutions held 41.10% and 7.43% respectively.

Cholamandalam Investment and Finance Company has reported results for fourth quarter (Q4) and year ended March 31, 2023.

Cholamandalam Investment and Finance Company has reported 23.68% rise in its net profit at Rs 852.84 crore for the quarter under review as compared to Rs 689.58 crore for the same quarter in the previous year. Total income of the company increased by 44.17% at Rs 3,794.26 crore for Q4FY23 as compared to Rs 2,631.75 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 24.53% rise in its net profit at Rs 855.20 crore for fourth quarter ended March 31, 2023 as compared to Rs 686.74 crore for the same quarter in the previous year. Total income of the company increased by 44.34% at Rs 3,834.57 crore for Q4FY23 as compared to Rs 2,656.63 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 24.20% rise in its net profit at Rs 2,666.20 crore as compared to Rs 2,146.71 crore for the previous year. Total income of the company increased by 28% at Rs 12,977.98 crore for year under review as compared to Rs 10,138.77 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 23.74% rise in its net profit at Rs 2,664.85 crore as compared to Rs 2,153.51 crore for the previous year. Total income of the company increased by 28.09% at Rs 13,105.59 crore for year under review as compared to Rs 10,231.81 crore for year ended March 31, 2022.