Cholamandalam Q4FY17 : standalone net profit for the quarter increased by 14% yoy

Apr 28, 2017 01:04 IST India Infoline Research Team

Cholamandalam Investment & Finance Company Ltd Q4FY17

Standalone Results Q4FY17: (Rs. in crore)

Q4FY17 YoY (%)
NII 665 10.5
Net Profit (adjusted) 219 14

View

Accumulate

Reco. Price

1031

Last updated on

21-Apr-2017

Cholamadalam  Investment & Finance Company reported its Q4FY17 Results

It's NII for the quarter increased by 10.5% yoy to Rs. 665 crore.

The company’s provisions decreased by 46% yoy to Rs.52.8 crore

Net profit for the quarter increased by 14% yoy to 219 crore. This was due to decrease in provisions.

The board has proposed a dividend of Rs.2 per equity share of Rs.10 each 

Looking at yearly numbers, NII increased by 8% to Rs. 2328 crore in FY17 and net profit increased by 26% in FY17 to Rs.718 crore


Technical View:

Cholamandalam Investment & Finance Company Ltd is currently trading at Rs. 1120, down by 7.35 points or 0.65% from its previous closing of Rs. 1127.35 on the BSE.
The scrip opened at Rs. 1118.05 and has touched a high and low of Rs. 1139.8 and Rs. 1107 respectively. So far 257149(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

Related Story