Chola Investment posts INR 1,186 cr net profit
Chennai, April 27 (IANS): The Cholamandalam Investment and Finance Company Ltd (Chola Investment) has claimed to have closed the last financial year (FY19) with a net profit of INR 1,186 crore.
In a statement here on Saturday, the company said the board of directors has recommended a final dividend of 20 per cent, INR 2 per equity share, for the year ending March 31, 2019. This, along with the interim dividend, takes the total dividend to 65 per cent, INR 6.50 per share, for FY19.
According to the statement, for the year under review, the company earned INR 6,993 crore, up from INR 5,480 crore earned during 2017-18. In FY19 the company had posted INR 1,186 crore net profit, up from INR 918 crore logged in FY18.
The board also recommended sub-division of equity shares of INR 10 each to five shares of INR 2 each.