Cholamandalam Investment & Finance Company gets upgradation in credit ratings
26 - Apr - 2018 12:00 AM | 57 days ago
Cholamandalam Investment & Finance Company announced that ICRA has upgraded the ratings for various debt instruments as follows -
Term loan of Rs. 10,213.66 crore - Upgraded to [ICRA]AA+ from [ICRA]AA, Outlook has been revised from Positive to Stable.
NCDs for Rs. 12,968.20 crore & Sub Debt for Rs. 2,295 crore - Upgraded to [ICRA]AA+ from [ICRA]AA-, Outlook has been revised from Positive to Stable.
Perpetual debt for Rs. 1,330 crore - Upgraded to [ICRA]AA from [ICRA]AA, Outlook has been revised from Positive to Stable.
Rs 4000 crore fund and non-fund based Facilities - Long term rating upgraded to [ICRA] AA+ from [ICRA] AA / Short term rating reaffirmed at [ICRA]A1+ , Outlook has been revised from Positive to Stable.
Commercial Paper for Rs. 6,000 crore - Reaffirmed the rating at [ICRA]A1 +, Outlook has been revised from Positive to Stable.
Cholamandalam Investment and Finance Company recommends Final Dividend
24 - Apr - 2018 12:00 AM | 59 days ago
Cholamandalam Investment and Finance Company announced that the Board of Directors of the Company at its meeting held on 23 April 2018, inter alia, have recommended the final dividend of Rs.2 per equity share (i.e. 20%), subject to the approval of the shareholders.
Cholamandalam Investment & Finance Company standalone net profit rises 32.58% in the March 2018 quarter
23 - Apr - 2018 12:00 AM | 60 days ago
Net profit of Cholamandalam Investment & Finance Company rose 32.58% to Rs 291.09 crore in the quarter ended March 2018 as against Rs 219.55 crore during the previous quarter ended March 2017. Sales rose 24.57% to Rs 1511.37 crore in the quarter ended March 2018 as against Rs 1213.28 crore during the previous quarter ended March 2017.
For the full year,net profit rose 35.53% to Rs 974.12 crore in the year ended March 2018 as against Rs 718.74 crore during the previous year ended March 2017. Sales rose 16.43% to Rs 5425.33 crore in the year ended March 2018 as against Rs 4659.56 crore during the previous year ended March 2017.
