Cholamandalam net profit up 46 per cent in Q1FY27
Cholamandalam Investment and Finance Company Ltd (CIFCL) reported a net profit of ₹1,654 crore for Q1FY27, marking a 46% year-on-year increase. This growth was driven by a 28% rise in net income, reaching ₹4,930 crore, and an improvement in net interest margins to 8.2%. The company also approved a fundraising plan for up to ₹55,000 crore through non-convertible debentures to support its expanding asset base, which surpassed ₹2.5 lakh crore.