: Cholamandalam Financial Holdings Ltd Thursday recorded a five per cent rise in its profits after tax for the April-June quarter to Rs 330.02 crore.
For the corresponding period of the previous year, the city-based Murugappa Group company had recorded net profits at Rs 314.04 crore.
Cholamandalam Financial Holdings Ltd for the year ending March 31, 2019 posted profits after tax at Rs 1,414.83 crore.
Total income for the April-June quarter grew to Rs 3,122.67 crore from Rs 2,475.60 crore registered year ago.
For the year ending March 31, 2019 total income was at Rs 10,946.81 crore.
Cholamandalam Investment and Finance Company Ltd, in which the company holds 46.5 per cent stake, has disbursed Rs 8,572 crore during the April-June 2019 period as compared to Rs 7,014 crore registered same period last fiscal.
Assets under management grew by 35 per cent to Rs 62,827 crore as against Rs 46,709 crore registered same period last financial year.
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Cholamandalam MS General Insurance Company Ltd, a subsidiary in general insurance business, registered a gross written premium of Rs 1,197 crore during the quarter under review as against Rs 951 crore in same period last fiscal.
Cholamandalam MS Risk Services Ltd, a joint venture company, registered a revenue of Rs 8.32 crore for the quarter ending June 30, 2019 as compared to Rs 7.27 crore in Q1 of last financial year.