Cholamandalam DBS posts 85 pc income growth

Chennai, Apr 26: Cholamandalam DBS has posted a growth of 85 per cent in its top line to Rs 409.14 crore for 2006-07.

The total disbursement was up by 96 per cent from the last financial year, while the managed asset base grew by 77 per cent to Rs 4,474 crore, a company release said here today.

The Profit Before Tax (PBT) has increased to Rs 47.27 crore from Rs 46.04 crore, after considering all initial establishment and launch expenses of the Personal Loans and Home Equity Loans Business.

The new businesses were expected to start adding to the bottom line in the coming year.

The company posted a growth of 189 per cent in income to Rs 159.89 crore for the quarter ended March 2007, over the corresponding period of the previous year.

The PBT increased by 274 per cent during the last quarter over the same period last year, the release added.

UNI