Cholamandalam Financial Holdings Q1 PAT at Rs 589 cr; income at Rs 3,234 cr

On the impact of Covid-19 pandemic, the company said the virus-enforced lockdown have had an impact on the regular operations, including lending

Cholamandalam Financial Holdings Ltd, formerly TI Financial Holdings Ltd, on Thursday said it has made Rs 589.46 crore as consolidated profit after tax (PAT) for the quarter ending June 30, 2020.

The consolidated PAT was Rs 330.02 crore during the corresponding period last year, the city-based Murugappa Group company said in a statement.

For the year ending March 31, 2020, the PAT registered was Rs 1,165.05 crore.

The total income for the quarter under review stood at Rs 3,233.85 crore against Rs 3,122.67 crore in the same period last fiscal.

On the impact of Covid-19 pandemic, the company said the virus-enforced lockdown have had an impact