Chola Finance Q2 Results 2024 Report: Cholamandalam also known as Chola Finance is heading towards announcing the Q2 results of 2024. Investors are eager to know every detail of the company’s performance. Chola Finance Q2 results 2024 are available on the official website of the company. We will discuss more details about the company’s performance in the last quarter. Chola Finance deals in loans and finances on cars, bikes, and properties. It has a current share value of Rs. 1,134.90. It is currently up by 2.34%.
Chola Finance Q2 Results 2024 Fiscal Period: Earnings, Net Profit, Sales, Debt and YOY Report
Chola Finance Q2 ends in September. The company performed quite well in the previous quarter. Chola’s last quarter revenue was 5625.66 crores. It is expected to reach 6000 crores. The final reports are yet to be published on the website. All the investors are eager to know the results. It is the most important phase for any investor because they get details about their investment yield. It also boosts the confidence of the investors in the company. The Q2 results are estimated to show growth. The previous quarter had a net income of 371.43 crores. The operating income of the company is 2,989.04 crores. The net income after taxes was 795.10.
The company has a share value of Rs. 1,152.50. Today’s low is Rs. 1,141.20 and Today’s high is Rs. 1,166.85. The shares reached an all-time high of Rs. 1,172.90 and an all-time low of Rs. 658 in the last 52 weeks. The business has a market cap of Rs. 96,575 Crores. Its ROE is 18.58%, EPS of 33.50, P/B ratio of 5.91, Debt to Equity of 6.79, and Face Value is 2. The Dividend yield of Chola Finance is 0.17% and the P/E ratio is 17.96. The buy order is 44.01% and the sell order is 55.99%.
Chola Mandalam was established in 1978. The parent organization is Cholamandalam Investment & Finance Company Limited. The company works to provide loans and finances for vehicles like cars, bikes, properties, and small and medium enterprises. We can see better results in the upcoming months. You can buy the shares of the company if you have not bought yet. You just need to have a look at the company’s records and understand the terms. There are other similar companies like SBI, Muthoot Finance, Bajaj Finance, and Shriram Finance that you can look to. Chola Mandalam has 16.67% of the proportion of the shares in the mutual funds as well.