Cholamandalam Investment and Finance Company (CIFCL) increased its disbursements under vehicle finance by 75 per cent in the fourth quarter ended March 31, 2012, to Rs. 2,370 crore from Rs.1,354 crore in the same period in the previous year. Aggregate disbursements for the quarter stood at Rs.2,872 crore against Rs. 1,680 crore, a rise of 71 per cent.
Gross income from operations was Rs.522.51 core (Rs.342.15 crore), a growth of 53 per cent. The profit after tax has risen sharply to Rs.53.86 crore from Rs.13.48 crore.
Disbursements for the year ended March 31, 2012, were Rs. 8,889 crore as against Rs.5,731 crore in 2010-11, a growth of 55 per cent. Gross income from operations was Rs.1767 crore (Rs.1,202 crore), up 47 per cent.
The profit after tax has shot up to Rs.172.54 crore from Rs. 62.18 crore. The board has recommended a final dividend of Re.1 per share. An interim dividend of Rs.1.50 per share had already been paid in January.
