Cholamandalam Investment & Finance Company Ltd (CIFCL) has posted a 40 per cent rise in net profit for the second quarter of the financial year 2021-22 to Rs 610.5 crore compared to Rs 434.6 crore during the quarter ended in September 2020.
On the other hand, its revenue from operations saw a marginal dip of 0.5 per cent to Rs 2,346.9 crore in Q2 against Rs 2,358.12 crore in July to September period of the last financial year. “The last quarter had several positives that led to expectations of a swift revival of the Indian economy. This economic revival has led