Cholamandalam Investment and Finance Co. Ltd. (CIFCL) second-quarter net profit slid 7% to ₹563 crore.
Revenue from operations posted 21% growth to ₹2,988 crore, it said in a regulatory filing.
Aggregate disbursements rose 68% to ₹14,623 crore with vehicle finance accounting for ₹8,502 crore, loans against property ₹2,246 crore, home loan ₹743 crore, SME loan ₹1,473 crore, consumer & small enterprise loans ₹1,579 crore and secured business & personal loan ₹81 crore.
The financial services arm of the Murugappa Group said assets under management were up 22% at ₹91,841 crore and its net income grew by 21% to ₹1,697 crore.
CIFCL continues to hold a strong liquidity position with ₹4,841 crore as cash balance with a total liquidity position of ₹6,573 crore. The asset-liability management is comfortable with no negative cumulative mismatches across all time buckets, it said.
Capital adequacy ratio stood at 18.40% against the regulatory requirement of 15%. Tier-I capital was at 15.77%.
