Cholamandalam Investment &amp; Finance stock rallies over 9% after Q4 net profit jumps 24%

The company recorded strong earnings set. This was led by lower provisions (down 28% QoQ) with continued improvement in asset quality, healthy net interest income on asset repricing, and an improving share of high yielding book offsetting the funding cost spike, said brokerage firm Elara Capital.

Cholamandalam Investment & Finance stock rallies over 9% after Q4 net profit jumps 24%

Top 6 brokerages bullish on Cholamandalam Investment and Finance after Q2; Here's why

The company’s consolidated PAT for Q2FY23 came at  <span class='webrupee'>₹</span>562.82 crore against  <span class='webrupee'>₹</span>610.51 crore in the same quarter last year.

Top Cholamandalam Investment And Finance News

markets

Cholamandalam Investment & Finance stock rallies over 9% after Q4 net profit jumps 24%

markets

Top 6 brokerages bullish on Cholamandalam Investment and Finance after Q2; Here's why