Cholamandalam Investment Q2 net profit rises 41% on strong income growth, plans Rs 5000 crore capital raise
Executive Brief • Key Highlights
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- ✓Cholamandalam Investment and Finance reported a 41% rise in second-quarter net profit to Rs 1,630 crore.
- ✓Strong income growth and higher loan disbursements helped the company.
- ✓On Wednesday, the board approved a plan to raise Rs 5,000 crore through a qualified institutional placement to support its growing business operations further.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Cholamandalam Investment and Finance reported a 41% rise in second-quarter net profit to Rs 1,630 crore, helped by strong income growth, higher loan disbursements and lower loan losses. The company's board approved a proposal to raise up to Rs 5,000 crore through a qualified institutional placement.
Murugappa Group-backed Cholamandalam Investment and Finance posted a 41% rise in net profit to Rs 1,630 crore for the quarter ended September 2026, supported by higher net income, strong loan disbursements and lower loan losses.
The board on Wednesday approved a proposal to raise up to Rs 5,000 crore through a qualified institutional placement. The capital would be raised over the next six to nine months, the management said on an analyst call.
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Economic Times
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