Cholamandalam Investment net up 31% at Rs 148 cr in Oct-Dec

Cholamandalam Investment and Finance Company today registered a 31.2 per cent jump in its consolidated net profit at Rs 148.03 crore for the third quarter ended December of 2015-16.
The group had registered a net profit of Rs 112.79 crore in the October-December quarter of 2014-15.
"Total income has increased to Rs 1,060.09 crore for the quarter ended December 31, 2015 from Rs 970.36 crore for the quarter ended December 31, 2014", it said in a BSE filing.
On standalone basis, the company said its net profit rose by 31 per cent to Rs 145.70 crore during the quarter under review of current fiscal as against Rs 111.29 crore a year ago.

Standalone income during October-December quarter of 2015-16 increased to Rs 1,053.90 crore from Rs 964.71 crore in the same quarter of 2014-15, it said.
Shares of the company closed at Rs 635.25 apiece on BSE, up 1.32 per cent from previous level.