Cholamandalam Financial Holdings Ltd on Friday reported a 26.9 per cent growth in its consolidated profit after tax at Rs 1,143.75 crore for the March 2024 quarter, the company said. The city-based company, part of the diversified conglomerate Murugappa Group, had registered net profits of Rs 900.77 crore during the corresponding period of last year. For the year ending March 31, 2024, the consolidated net profits grew by 37 per cent to Rs 3,850.56 crore, from Rs 2,809.62 crore registered a…
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Category: Cholamandalam MS
Cholamandalam Financial Records 26.9% Up In Consolidated Q4 PAT At ₹1,143 Cr
Cholamandalam Financial Holdings Ltd on Friday reported a 26.9 per cent growth in its consolidated profit after tax at Rs 1,143.75 crore for the March 2024 quarter, the company said.
Financial Highlights The city-based company, part of the diversified conglomerate Murugappa Group, had registered net profits of Rs 900.77 crore during the corresponding period of last year.
For the year ending March 31, 2024, the consolidated net profits grew by 37 per cent…
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Chola Financial Holdings Q4 consolidated net rises 27% to ₹1,144 cr.
Cholamandalam Financial Holdings Ltd.’s (CFHL) consolidated net profit for the quarter ended March rose 27% YoY to ₹1,144 crore.Revenue from operations increased to ₹7,083 crore from ₹5,186 crore, of which the financial segment accounted for ₹5,428 crore and insurance segment for ₹1,751 crore, the core investment company of the Murugappa Group said in a statement.Cholamandalam Investment & Finance Co. Ltd. disbursed ₹24,784 crore against ₹21,020 crore with a 24% increase in…
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Chola MS posts 23% growth in FY24 gross written premium to ₹7,598 crore
Cholamandalam MS General Insurance Co. Ltd. (Chola MS) has posted a 23% year-on-year growth in gross written premium (GWP) to ₹7,598 crore for FY24.Chola MS recorded a profit before tax of ₹444 crore against ₹264 crore. During the fourth quarter, it recorded a GWP of ₹2,020 crore and PBT of ₹91 crore, the Murugappa group firm said in a statement.The investment corpus crossed ₹16,811 crore with growth in investment income. The solvency margin stood at 1.79 times (regulatory…
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Cholamandalam General Insurance reports ₹7598 crore gross written premium
SummaryCholamandalam MS General Insurance Company reported a successful financial year ending March 31, 2024. They achieved a Gross Written Premium (GWP) of ₹7,598 crore, a significant increase from the previous year’s ₹6,200 crore. Profit before tax also rose to ₹444 crore compared to ₹264 crore. The company’s return on equity ratio improved as well. Cholamandalam MS General Insurance Company Ltd has reported a Gross Written Premium of ₹7,598 crore for the financial year ending…
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Cholamandalam General Insurance Reports Robust Growth with Rs 7,598 Crore Gross Written Premium
Cholamandalam MS General Insurance Company Ltd has reported a Gross Written Premium of Rs 7,598 crore for the financial year ending March 31, 2024, the company said on Sunday.Cholamandalam MS General Insurance Company is a joint venture between the diversified conglomerate Murugappa Group and Japan-based Mitsui Sumitomo Group.In a statement, the company said its profit before tax grew to Rs 444 crore for the year ending March 31, 2024 as compared to Rs 264 crore registered in the same…
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Cholamandalam General Insurance records Rs 7,598 cr gross written premium | Insurance
Cholamandalam MS General Insurance Company is a joint venture between the diversified conglomerate Murugappa Group and Japan-based Mitsui Sumitomo GroupThe investment corpus fund during the financial year ending March 31, 2024 touched Rs 16,811 crore.Press Trust of India Chennai Cholamandalam MS General Insurance Company Ltd has reported a Gross Written Premium of Rs 7,598 crore for the financial year ending March 31, 2024, the company said on Sunday. Cholamandalam MS General Insurance…
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Chola Ms: Chola Ms Reports 68% Growth In Pbt | Chennai News
Chennai: Cholamandalam MS General Insurance Co Ltd posted a 68% rise in Profit before Tax (PBT) at Rs 444 crore in FY24 against Rs 264 crore in the corresponding year of FY23. The natural catastrophe events such as Cyclone Biparjoy, Cyclone Michaung and floods in north and south India impacted the profitability of the year by over Rs 55 crore, a company statement said on Sunday. Its gross written premium (GWP) stood at Rs 7,598 crore in the fiscal 2023-24. During the year, the company…
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Cholamandalam MS General posts PBT of ₹444 crore in FY24
Cholamandalam MS General Insurance Co Ltd (Chola MS), a joint venture between the Murugappa Group and the Mitsui Sumitomo Group (Japan) has reported a profit before tax (PBT) of ₹444 crore as compared with ₹264 crore in the previous year.The company’s gross written premium (GWP) grew by 23 per cent at ₹7,598 crore. The company has recorded higher growth as against multi-line players’ growth of 14.2 per cent.The natural catastrophe events during the year – Cyclone Biparjoy, northern…
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Cholamandalam MS General posts PBT of ₹444 crore in FY24
Cholamandalam MS General Insurance Co Ltd (Chola MS), a joint venture between the Murugappa Group and the Mitsui Sumitomo Group (Japan) has reported a profit before tax (PBT) of ₹444 crore as compared with ₹264 crore in the previous year.The company’s gross written premium (GWP) grew by 23 per cent at ₹7,598 crore. The company has recorded higher growth as against multi-line players’ growth of 14.2 per cent.The natural catastrophe events during the year – Cyclone Biparjoy, northern…
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