InvestorQ : How did Chola report such good numbers in a tough quarter for financials?
diksha shah made post

How did Chola report such good numbers in a tough quarter for financials?

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10 months ago
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Cholamandalam Finance, part of the Murugappa group of Chennai, surprised the street on the positive side with net profits of Rs.589 crore for the Jun-20 quarter. This is a sharp improvement over the net profit of Rs.350 crore in the Jun-19 quarter.

Total income of Chola Investments in the Jun-20 quarter was marginally up at Rs.3231 crore despite trying market conditions. It saw a 60% fall in loan disbursals but however the assets under management expanded by 13% to Rs.70,286 crore.

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