Cholamandalam Investment and Finance Company has reported a consolidated profit after tax of Rs. 99 cr as against Rs. 91 cr. in Q2 of 2013-14 registering a growth of 9%.
Total Income is Rs.919 Cr. compared to Rs.809 Cr. in Q 2 of 2013-14 registering a growth of 14%.With continuing stress witnessed in the Commercial vehicles segment, the Company’s overall GNPA is at 2.6% and the NNPA is at 1.4% as on 30th September 2014. The company continues to follow a stringent credit selection approach which is reflected in the disbursement growth being relatively lower at 2% as compared to the previous year in the vehicle finance business.
The Company disbursed Rs.2189 Cr. in Vehicle Finance as against Rs. 2138 Cr. in Q 2 of 2013-14 and disbursed Rs.717 Cr. in Home Equity loans as against Rs. 675 Cr. in Q 2 of 2013-14. Disbursements from new businesses were Rs. 123 Cr. The aggregate disbursements of the Company for the quarter are Rs.3028 Cr. as against Rs. 2827 Cr. in Q 2 of 2013-14.
Total Income is Rs.919 Cr. compared to Rs.809 Cr. in Q 2 of 2013-14 registering a growth of 14%.With continuing stress witnessed in the Commercial vehicles segment, the Company’s overall GNPA is at 2.6% and the NNPA is at 1.4% as on 30th September 2014. The company continues to follow a stringent credit selection approach which is reflected in the disbursement growth being relatively lower at 2% as compared to the previous year in the vehicle finance business.
The Company disbursed Rs.2189 Cr. in Vehicle Finance as against Rs. 2138 Cr. in Q 2 of 2013-14 and disbursed Rs.717 Cr. in Home Equity loans as against Rs. 675 Cr. in Q 2 of 2013-14. Disbursements from new businesses were Rs. 123 Cr. The aggregate disbursements of the Company for the quarter are Rs.3028 Cr. as against Rs. 2827 Cr. in Q 2 of 2013-14.
