InvestorQ : How did Chola report such good numbers in a tough quarter for financials?
diksha shah made post

How did Chola report such good numbers in a tough quarter for financials?

Answer
image
3 months ago
Follow

Cholamandalam Finance, part of the Murugappa group of Chennai, surprised the street on the positive side with net profits of Rs.589 crore for the Jun-20 quarter. This is a sharp improvement over the net profit of Rs.350 crore in the Jun-19 quarter.

Total income of Chola Investments in the Jun-20 quarter was marginally up at Rs.3231 crore despite trying market conditions. It saw a 60% fall in loan disbursals but however the assets under management expanded by 13% to Rs.70,286 crore.

5 Views