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Cholamandalam Finance's audited financial results approved

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Chennai | Friday, Oct 23 2015 IST
The Board of Directors of Cholamandalam Investment and Finance Company Limited today approved its audited financial results for the half year ended September30, 2015 and unaudited financial results for the quarter ended September 30.

A company release here said the Profit after tax for Q2 FY16 stood at Rs 120 crore, a growth of 27 per cent over Q2 FY15.

For the half year, the PAT stood at Rs 231 crore, a growth of 23 per cnet over same period last year.

The Q2 FY16 disbursements was R. 3672 crore, representing a growth of 21 per cent over Q2 FY15.

There was 20 per cent growth in Net Income Margin (NIM) during the quarter, compared to Q2 FY15.

The Accelerated provisioning to four months overdue and adopted standard asset provisioning stood at 0.35per cent, 18 months ahead of the RBIs mandate.The Gross NPA (on 5 months overdue basis) stayed stable at 3.39 per cnet in Sep-15 compared to 3.33 per cent in Jun-15.

The Gross NPA (on 4 months overdue basis) is 4.42 percent.UNI GV VV ADB1905

-- (UNI) -- C-1-1-DL0159-401723.Xml

 
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