CHOLAMANDALAM FINANCE
Cholamandalam Investment and Finance is expected to report net profit at INR 580 Cr, up by 35% YoY (up 76.6% QoQ). NII (Net Interest Income) is expected to increase by 8% YoY (up by 0.1% QoQ) to INR 1,270 Cr. PPOP (Pre Provision Operating Profit) is likely to rise by 4.6% YoY (down 5.2% QoQ) to INR 940 Cr. On September 21, 2021, Cholamandalam Investment & Finance Company Limited (Chola), Murugappa Group's financial services arm, reaffirmed its partnership with Sri Sathya Sai Sanjeevani Hospitals to provide free cardiac treatment and care to children of commercial heavy vehicle drivers, cleaners, and mechanics from across the country. The corporation has committed INR 120 lakhs to this noble cause, which will help cure 80 children born with congenital heart disease in FY22.
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