TI Financial Holdings PAT up by 25%

Chennai: TI Financial Holdings Limited (TIFHL) has stated that the firm registered profit after tax for the quarter ended 31 December, 2018 at Rs 2.05 crore as against a profit of Rs 1.25 crore in the corresponding quarter of the previous year.

On a standalone basis profits after tax for the period were at Rs 32.27 crore as against Rs 25.79 crore registering a growth of 25 per cent.

Cholamandalam Investment & Finance Company Ltd, in which the Company holds 46.4 per cent stake, disbursed Rs 7,644 crore during the quarter compared to Rs 6,761 crore in the corresponding quarter of the previous year, registering a growth of 13 per cent.

The aggregate disbursements for the period were at Rs 21,558 crore as against Rs 17,106 crore, registering a growth of 26 per cent.

Cholamandalam MS General Insurance Company Ltd., a subsidiary in general insurance business, in which the company holds about 60 per cent stake, registered a gross written premium (GWP) of Rs 1,121 On a standalone basis during the quarter as against Rs 995 crore in the corresponding quarter of the previous year.

NT Bureau