Cholamandalam Investment Q4 net profit up at ₹243 crore
May 07, 2021
CIFCL reported loan losses of ₹504 crore - Getty Images/iStockphoto×
FY21 net profit rises 44% to ₹1,515 crore
Cholamandalam Investment & Finance Company Ltd (CIFCL) reported a zoom in its net profit at ₹243 crore for the quarter ended March 31, 2021, as against ₹43 crore in the year-ago period.
The company’s total income grew 14 per cent at ₹2,461 crore as against ₹2,151 crore in the year-ago period. “Net income margin grew 32 per cent at ₹1,342 crore (₹1,016 crore)”, according to a statement
CIFCL reported loan losses of ₹504 crore, which included additional overlay of ₹350 crore for the quarter, as against ₹557 crore in the year ago quarter.
Cholamandalam Investment and Finance Company Limited posts Rs 245 13 crore consolidated PAT in Q4 FY2020-21 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Read more about Financials shares fall on Business Standard. Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 156.26 points or 2.09% at 7313.76 at 13:49 IST.
HDC to build 2,000-plus units in 2021
3 Hrs Ago
CONGRATS: Kadisha Munroe, left, receives the keys to her new HDC home in Riverside North, Corinth on Monday from Housing Minister Pennelope Beckles and HDC chairman Noel Garcia. - Photo by Lincoln Holder
THE Housing Development Corporation (HDC) will aim to build more than 2,000 housing units this year through the government’s Accelerated Housing Programme.
Housing Minister Pennelope Beckles revealed this at a key distribution ceremony at Corinth Hills on Monday.
She said this goal was in addition to the ministry’s plan to complete unfinished housing projects.
She said she hopes by early 2022, the Edinburgh Towers in Chaguanas can be completed. That project began in 2006 but was stalled in 2011.
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BSE and NSE have listed out 299 and 13 illiquid stocks, respectively, where additional due diligence is required.