Cholamandalam Investment and Finance Company has reported a 52 per cent rise in its disbursements in the first quarter ended June 30,2012 at Rs. 2,535 crore against Rs. 1,672 crore in the same period in the previous year.
Disbursements under vehicle finance registered a rise of 56 per cent at Rs. 2,026 crore against Rs. 1,302 crore while disbursements under home equity loans stood at Rs. 493 crore against Rs. 370 crore.
Total income from operations rose by 46 per cent at Rs.558.07 crore against Rs.381.41 crore. The net profit rose by 84 per cent at Rs.69.65 crore a gainst Rs..37.88 crore. The company has expanded its presence to 429 branches as on June 30, 2012.