Cholamandalam Investment and Finance net profit up by 2.3%

Cholamandalam Investment and Finance Company Ltd has posted a growth of 2.3 per cent to Rs 291.86 crore during the quarter ended March 31, 2019, as compared to Rs 285.26 crore net profit registered in the same period of last year. The total income grew by 29.5 per cent to Rs 1885.34 crore as against Rs 1455.91 crore posted during the corresponding period a year ago. 

During the year ended March 31, 2019, the industry faced liquidity constraints due to restrictive supply of market funds. Despite market constraints, with effective banking relationships, the company was able to tap the banking lines