Cholamandalam Investment & Finance reports a 21% surge in Q1 net profit to Rs 1,135.91 crore, driven by growth in vehicle and LAP segments. Total income also increased significantly.

The company’s Board of Directors will consider the first-ever bonus issues of shares in the company’s history.

Analysts attribute this renewed selling pressure primarily to the fresh reciprocal tariffs recently imposed by the United States, which have impacted India among several other nations.