 "Cholamandalam Investment")
Cholamandalam Investment and Finance Company (CIFC), Murugappa group’s financial services arm, has posted a 7 per cent dip in net profit during the second quarter of the financial year 2022-23 to Rs 563 crore, as compared to Rs 606 crore during the July to September quarter of the previous financial year.
CIFC’s total income increased by 22 per cent from Rs 2,481 crore during the second quarter of 2022-23 from Rs 3,038 crore during the same period last financial year. Aggregate disbursements in Q2 FY 23 were at Rs 14,623 crore as against Rs 8,706 crore during the same quarter
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