Cholamandalam Investment Q4 Results: NII up 30%; firm to launch gold loan business
Cholamandalam Investment and Finance Company Ltd. reported a net profit of ₹1,259 crore in the March quarter, which was 3.91% higher than CNBC-TV18 poll estimate of ₹1,211.6 crore. On a year-on-year basis, the net profit increased 18% from ₹1,065 crore last year. The company’s net interest income (NII) rose 30% on-year to ₹3,056 crore, although