Cholamandalam Monetary Holdings Ltd has reported a standalone revenue of Rs 31.97 crore for the quarter ending March 31, 2021.
Town-based Murugappa Group firm registered standalone revenue of Rs 25.36 crore throughout the corresponding quarter final.
For the 12 months ending March 31, 2021, standalone income stood at Rs 21.71 crore towards Rs 83.33 crore a 12 months in the past.
The standalone complete revenue for the quarter below overview grew to Rs 50.74 crore from Rs 28.66 crore registered in the identical quarter final fiscal.
For the 12 months ending March 31, 2021, the standalone complete revenue was Rs 58.14 crore towards Rs 90.90 crore final 12 months.
The corporate, in a press release, stated the standalone revenue after tax for the 12 months ending March 31, 2021 was decrease on account of decrease dividend revenue and curiosity price recognised on borrowing made for fairness funding in a subsidiary firm.
Cholamandalam MS Normal Insurance coverage Firm Ltd, a subsidiary basically insurance coverage, registered a gross written premium of Rs 4,705 crore in FY ’21 towards Rs 4,824 crore final 12 months.
Cholamandalam MS Threat Providers Ltd, a three way partnership firm, registered a complete revenue of Rs 43.59 crore for the 12 months ending March 31, 2021 towards Rs 48.90 crore registered in the identical interval final 12 months.
Cholamandalam Funding and Finance Firm Ltd stated it disbursed Rs 26,043 crore in FY ’21 in comparison with Rs 29,091 crore final 12 months.
The decline was primarily as a consequence of decrease disbursements in Q1 and Q2 of FY 2021 as a consequence of COVID-19 enforced lockdown, the corporate stated.
The board of administrators, which met on Friday, beneficial a remaining dividend of 55 per cent being Rs 0.55 per fairness share of face worth of Re 1 of the corporate for the 12 months ending March 31, 2021 – topic to shareholders approval, the corporate stated.
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