Murugappa Group revenue at Rs 36,898 cr, up 12%

Chennai: The Murugappa Group has announced that it has registered a growth of 12 per cent in turnover at Rs 36,893 crore during 2018-19.

Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) posted a growth of 12 per cent at Rs 5,190 crore (last year Rs 4,618 crore). Profit after Tax was Rs 2,880 crore registering a growth of 18 per cent, the firm has said.

Other firms in the group including Tube Investments India’s net sales was at 5,464 crore with 15 per cent growth, Carborundum Universal Limited net was at Rs 2,656, up 14 per cent and EID Parry (India) Limited Rs 3,282 crore with 28 per cent degrowth, said the firm in a release.

Other businesses improved nine per cent net at Rs 794 crore with EBITDA touching Rs 251 crore at 16 per cent.

Market Capitalisation of the listed companies of the group aggregated to Rs 66,000 crore as of 31 March, said the release.

The frim announced that aggregate capital expenditure programmes across group companies were over Rs 750 crore during the year.

Cholamandalam Investment and Finance Company Limited (CIFCL) assets under management (AUM) registered a growth of 26 per cent to Rs 54,279 crore during FY 2018-19.

The aggregate disbursements for FY 2018-19 was at Rs 30,451 crore, a growth of 21 per cent led by its vehicle finance business division, which registered a 21 per cent growth over previous year. Home Equity disbursements also grew by 21 per cent in FY2018-19, the release said.

NT Bureau