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Our Bureau

Chennai , Jan. 25

CHOLAMANDALAM Investment and Finance Company Ltd, a part of the Murugappa group, has reported a net profit of Rs 7.78 crore on an income from operations of Rs 51.63 crore for the quarter ended December 31.

During the corresponding period in the previous year, the company reported a net profit of Rs 8.28 crore on an income of Rs 55.59 crore.

For the nine months ended December 31, the company reported a net profit of Rs 25.80 crore (Rs 25.88 crore) on an income of Rs 162.04 crore (Rs 170.24 crore).

According to a press release, the company reported a 25 per cent growth in disbursements of core automobile finance products during the first nine months of 2004-05. Total disbursements for the period was Rs 800 crore and it gross asset base grew by 13 per cent to Rs 1,860 crore.

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