Cholamandalam Investment reports 6% rise in Q4 consolidated net profit

Cholamandalam Investment and Finance Company has reported results for fourth quarter and year ended March 31, 2014 The company has posted a rise of 5.80% in its net profit at Rs 90.73 crore for the quarter ended March 31, 2014 as compared to Rs 85.76 crore for the same quarter in the previous year. Total income from operations of the company has increased by 16.61% at Rs 838.96 crore for quarter under review, as compared to Rs 719.48 crore for the quarter ended March 31, 2013. On consolidated basis, the company has reported 5.66% rise in its net profit at Rs 92.36 crore for the quarter ended March 31, 2014 as compared to Rs 87.41 crore for the same quarter in the previous year. Total income from operations of the company rose by 16.01% at Rs 844.03 crore for quarter under review as compared to Rs 723.82 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a jump of 18.74% in its net profit at Rs 364.01 crore as compared to Rs 306.55 crore for the same period in the previous year. Total income from operations of company has surged by 28.32% at Rs 3231.63 crore for year under review as compared to Rs 2518.38 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 19.61% in its net profit at Rs 368.28 crore as compared to Rs 307.91 crore for the same period in the previous year. Total income from operations of company has increased by 28.19% at Rs 3248.99 crore for year under review as compared to Rs 2534.61 crore for the period ended March 31, 2013.