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
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.
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