Cholamandalam Funding and Finance Firm reported a standalone revenue of Rs 762.49 crore for the July-September 2023 quarter following an general development in funds and property underneath administration, the corporate mentioned.
The monetary providers arm of the city-based Murugappa Group reported a standalone revenue of Rs 563.41 crore within the corresponding quarter final yr.
For the six-month interval ended September 30, 2023, standalone revenue rose to Rs 1,488.50 crore from Rs 1,129.07 crore recorded through the corresponding interval final yr.
Whole revenue on a standalone foundation stood at Rs 4,571.89 crore, as towards Rs 3,037.78 crore recorded throughout the identical interval final yr.
For the half-year ending September 30, 2023, whole standalone revenue rose to Rs 8,705.51 crore from Rs 5,808.71 crore recorded through the year-ago interval.
The corporate mentioned in an announcement that development in funds and property underneath administration was robust through the quarter ending September 30, 2023, following an general development in demand.
Disbursements through the quarter underneath evaluate stood at Rs 21,542 crore, as towards Rs 14,623 crore recorded throughout the identical interval final yr.
Property underneath administration as of September 30, 2023 stood at Rs 1,33,775 crore as in comparison with Rs 91,841 crore recorded as of September 30, 2022.
Auto finance disbursements stood at Rs 11,731 crore through the July-September 2023 quarter in comparison with Rs 8,502 crore recorded in the identical interval final yr.
The mortgage towards actual property enterprise registered a development of Rs 3,192 crore through the quarter as towards Rs 2,246 crore recorded within the corresponding quarter final yr.
Disbursements underneath SME loans rose to Rs 1,945 crore through the July-September 2023 quarter from Rs 1,473 crore recorded in the identical interval final yr.
Shopper and small enterprise loans had been disbursed at Rs 2,853 crore through the July-September 2023 quarter as towards Rs 1,579 crore recorded in the identical interval final yr.
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(Tags for translation) Cholamandalam Funding
