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Cholamandalam Investment shares fall 9% after weak March quarter performance

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MUMBAI: Shares of Cholamandalam Investment and Finance Company Ltd on Thursday declined more than 9% as the firm's net profit slumped 85.4% year-on-year (YoY) to ₹42.7 crore in the March quarter from ₹291.9 crore in the year-ago period.

At 01:30 pm, the stock traded at ₹142.70, down 8.38%, from the previous close, while the Sensex fell 0.74% to 33857.63. The non-banking financial company's (NBFC) total income rose 14.11% YoY to ₹2,151.5 crore in Q4FY20 from ₹1,885.3 in the same period last year.

One-time provision of ₹504 crore towards coronavirus-related losses and macro provisions majorly impacted net profit during the reporting quarter.

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Lockdowns and closuresOne of Sunday's new cases was a 56-year-old man who works as an airport bus driver and had visited the Xinfadi market in early June before later falling ill, state-run People's Daily reported.The meat section of the huge, sprawling market was closed Sunday and AFP reporters saw hundreds of police officers and security personnel plus dozens of paramilitary police blocking access.Efforts to trace those who had visited the market have begun, with companies and neighbourhood communities messaging staff and residents across the city to ask about their recent movements.A vegetable market adjacent to Xinfadi was open Sunday and trucks were arriving to deliver or collect stock."Afraid? Not really" a delivery driver surnamed
city Beijing India virus outbreak testing triggers
Justin Trudeau - Migrant workers call on Trudeau to extend full immigration status - globalnews.ca
globalnews.ca
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Migrant workers call on Trudeau to extend full immigration status
Justin Trudeau to immediately extend full immigration status for all non-permanent residents.The event, sponsored by the Migrant Rights Network, featured a series of farm workers, caregivers, construction workers and others who expressed the difficulties of living through the COVID-19 pandemic without the government support given to Canadians.
Justin Trudeau covid-19 Immigration Coronavirus
Marcus Rashford - Jadon Sancho - Jadon Sancho ‘in contact with Marcus Rashford’ as he pleads for Man Utd transfer - dailystar.co.uk - Germany - city Manchester - city Sancho
dailystar.co.uk
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Jadon Sancho ‘in contact with Marcus Rashford’ as he pleads for Man Utd transfer
Manchester United appears closed than ever, after it was revealed that the Borussia Dortmund star often chats to Marcus Rashford over the phone.
Marcus Rashford Jadon Sancho Germany city Manchester city Sancho stars Coronavirus
Coronavirus outbreak: Beijing district on alert after new virus cluster - globalnews.ca - city Beijing
globalnews.ca
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Coronavirus outbreak: Beijing district on alert after new virus cluster
A Beijing district put itself on a “wartime” footing and the capital banned tourism and sports events on Saturday after a cluster of novel coronavirus infections centered around a major wholesale market sparked fears of a new wave of COVID-19.
city Beijing virus outbreak infection Coronavirus
Brittany Cartwright - Brittany Cartwright asks for prayers after her mother Sherri is placed in the ICU - dailymail.co.uk
dailymail.co.uk
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Brittany Cartwright asks for prayers after her mother Sherri is placed in the ICU
Brittany Cartwright's mom, Sherri, has been placed in the intensive care unit after requiring emergency surgery following a scheduled bladder surgery in March.In a now deleted Instagram Story, the 31-year-old Vanderpump Rules' star penned: 'Please keep my beautiful mom in your prayers.'Sherri took to Twitter back in March to alert her followers about the procedure that took place that month, asking them then to keep her in their thoughts.
Brittany Cartwright stars
COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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