Murugappa Group company TI Financial Holdings today said its consolidated net profit rose by 25.2 per cent to Rs 172.58 crore in the quarter ending March 31, 2018, compared to Rs 137.74 crore in the year-ago period.
Consolidated total income for the January-March period rose to Rs 858.66 crore from Rs 734.70 crore in January-March 2017.
For the financial year ending March 31, 2018, consolidated net profit after tax grew to Rs 599.02 crore from Rs 454.57 crore in 2016-17, a company statement said.
Consolidated total income rose to Rs 3,345.82 crore in 2017-18 as compared to Rs 2,689.15 crore in the previous fiscal.
Cholamandalam Investment and Finance Company Ltd, in which TI Financial Holdings has 46.2 per cent stake, disbursed Rs 8,007 crore for the quarter ending March 31, 2018 as against Rs 5,213 crore registered last year.
Assets under management grew to Rs 42,879 crore for the quarter ending March 31, 2018 from Rs 34,167 crore.
Cholamandalam MS General Insurance Company, a subsidiary of TI Financial Holdings, registered a gross written premium of Rs 959 crore for the fourth quarter as against Rs 914 crore in the year ago period.
Cholamandalam MS Risk Services Ltd, a joint venture company in which TI Financial Holdings has 49.5 per cent stake, registered a revenue of Rs 23 crore for the quarter ending March 31, 2018 as against Rs 13 crore recorded last fiscal.
The Board of Directors has recommended a final dividend of Rs 0.65 per share (65 per cent) for the year ending March 31, 2018.
The aggregate dividend recommended for the year ending March 31, 2018 was at Rs 1.25 per share.
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