Chola Financial Holdings posts ₹3.42 crore loss

Cholamandalam Financial Holdings Ltd. a Murugappa group firm, has posted a net loss of ₹3.42 crore for the second quarter ended September against a profit of ₹16.93 crore in the year-earlier period on account of interest cost recognised on borrowing made for equity investment in subsidiary company.

Total revenue stood at ₹2.53 crore (₹18.37 crore). Finance cost stood at ₹5.45 crore. Interest and dividend income plunged to ₹54 lakh (₹16.35 crore).


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