Cholamandalam reports 22% profit growth, plans ₹55,000 crore NCD
pre-market1 source ↓written by the desknot a recommendation
- in Q1 FY27
- 22% YoY profit growth
- to ₹2
- 45.2%
- to support further
- ₹55,000 crore NCD fundraising plan
- to ₹1
- 1.38%
Cholamandalam Investment and Finance Company reported 22% YoY profit growth in Q1 FY27, with profit before tax rising 45.2% to ₹2,220.49 cr. The board approved a ₹55,000 crore NCD fundraising plan to support further expansion. Despite these positive results, shares fell 1.38% to ₹1,760.60 amid a marginal decline in broader indices.
Not investment advice. For informational purposes only.