Financial Daily from THE HINDU group of publications
Tuesday, Apr 25, 2006
Financial Daily from THE HINDU group of publications Tuesday, Apr 25, 2006 |
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Corporate Results
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NBFCs Money & Banking - Financial Performance Cholamandalam DBS Q4 net down 38 pc Our Bureau
Chennai , April 24 Cholamandalam DBS Finance Ltd has reported lower net profit of Rs 5.13 crore on increased revenues of Rs 54.78 crore for the quarter ended March 2006, compared to net profit of Rs 8.27 crore on revenues of Rs 52.60 crore for the corresponding previous quarter. However, for the fiscal ended March 2006, the company reported increased net profit of Rs 35.21 crore (Rs 34.07 crore) on revenues of Rs 219.55 crore (Rs 214.64 crore). The company, a joint venture between the Chennai-based Murugappa Group and DBS Bank of Singapore, has recommended a dividend of 50 per cent (Rs 10 a share). Cholamandalam DBS's gross asset base, including assets de-recognised, grew by 18 per cent to Rs 2,309 crore. In 2006-07, the company will launch its consumer finance business across the country.
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