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Cholamandalam Investment logs Q1 net up by 25%

Cholamandalam Investment logs Q1 net up by 25%Chennai, July 27 (IANS) Non-banking finance company (NBFC) Cholamandalam Investment and Finance Company Limited on Thursday said it closed the first quarter with a growth of 25 per cent in its net profit.

The company in a statement issued here said it has logged a net profit of Rs 206.58 crore for the quarter ended June 30, 2017 -- up from Rs 165.73 crore posted during the corresponding period of the previous year.

According to the company, the disbursals during the period under review stood at Rs 4,853 crore as against Rs 4,561 crore in the first quarter of the previous fiscal.

 

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Cholamandalam Investment logs Q1 net up by 25%

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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