Cholamandalam Investment Q2 Results: PAT rises 41% to Rs 1,630 crore, beats estimates; board approves Rs 5,000 crore QIP
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Cholamandalam Investment and Finance Company reported a 41 per cent profit rise to Rs 1,630 crore on Wednesday for the September quarter of FY27.
- ✓This result beat market estimates.
- ✓The company also got board approval to raise Rs 5,000 crore through a QIP.
Story at a Glance
- Category
- MARKET
- Reported By
- Zee Business
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Cholamandalam Investment and Finance Company on Wednesday reported a 41 per cent year-on-year increase in standalone profit after tax. Image Credit: Canva
Cholamandalam Investment and Finance Company on Wednesday reported a 41 per cent year-on-year increase in standalone profit after tax (PAT) to Rs 1,630 crore for the September quarter of FY27, compared with the Zee Business estimate of Rs 1,585 crore. The company's profit exceeded the estimate by Rs 45 crore.
Net income for the quarter rose 24 per cent year-on-year to Rs 5,037 crore. For the first half of FY27, net income increased 26 per cent to Rs 9,967 crore, while profit after tax rose 43 per cent to Rs 3,284 crore.
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