Cholamandalam

The note, which doesn't have a maturity date, is being arranged by Axis Bank Ltd. and carries a coupon of 9.50 per cent, according to people familiar with matter

Cholamandalam Financial Holdings Ltd on Friday reported a 26.9 per cent growth in its consolidated profit after tax at Rs 1,143.75 crore for the March 2024 quarter, the company said. The city-based company, part of the diversified conglomerate Murugappa Group, had registered net profits of Rs 900.77 crore during the corresponding period of last year. For the year ending March 31, 2024, the consolidated net profits grew by 37 per cent to Rs 3,850.56 crore, from Rs 2,809.62 crore registered a year ago. The total income during the quarter under review on a consolidated basis went up to Rs 7,157.91 crore, from Rs 5,281.23 crore registered in the same period of last year. For the year ending March 31, 2024, the consolidated total income soared to Rs 26,086.76 crore, from Rs 18,376.03 crore registered last year. Cholamandalam Investment and Finance Company Ltd, in which Cholamandalam Financial Holdings Ltd holds a 44.39 per cent stake, disbursed Rs 24,784 crore during the quarter ending

Cholamandalam MS General Insurance Company Ltd has reported a Gross Written Premium of Rs 7,598 crore for the financial year ending March 31, 2024, the company said on Sunday. Cholamandalam MS General Insurance Company is a joint venture between the diversified conglomerate Murugappa Group and Japan-based Mitsui Sumitomo Group. In a statement, the company said its profit before tax grew to Rs 444 crore for the year ending March 31, 2024 as compared to Rs 264 crore registered in the same period of last year. During the financial year ending March 31, 2024 the return on equity ratio improved to 14.15 per cent, as compared to 9.64 per cent recorded during the same period of last year. The company said due to the impact of natural calamities like Cyclone 'Biparjoy', 'Michaung' and floods, their profitability got a hit by over Rs 55 crore during the last financial year. "Chola MS has gained momentum over the last 10 calendar quarters and is poised to pursue strong growth. I would like

Cholamandalam Financial Holdings Ltd has recorded a consolidated profit after tax of Rs 1,027 crore for the October-December 2023 quarter, the company said on Tuesday. The city-headquartered company, part of the diversified conglomerate Murugappa Group, had registered a consolidated profit after tax at Rs 720.16 crore, during the corresponding quarter of last year.Total income for the quarter under review grew to Rs 6,842.03 crore, from Rs 4,776.75 crore registered year ago. The consolidated profit after tax for the nine month period ended December 31, 2023 grew to Rs 2,706.81 crore, from Rs 1,908.85 crore registered in the same period of last year. The consolidated total income for the nine month period ended December 31, 2023 surged to Rs 18,928.85 crore, from Rs 13,094.80 crore registered in the same period of last year. Cholamandalam Investment and Finance Company Ltd, in which Cholamandalam Financial Holdings Ltd has 44.41 per cent stake, disbursed Rs 22,383 crore, during the

Chola's Home Loan business disbursed Rs 1,454 crore in Q1 FY24, a substantial 138 per cent growth from Rs 611 crore in Q1 FY23

Hinduja group flagship Ashok Leyland on Tuesday said it has entered into a strategic partnership with Cholamandalam Investment and Finance Company Ltd to offer financing to dealers. The alliance between the automotive major and the financial institution aims to provide 130 Ashok Leyland dealerships nationwide with an array of comprehensive inventory funding options to address working capital requirements of dealers. "This MoU will facilitate financing solutions for Ashok Leyland's dealers, wherein Cholamandalam will offer its range of financial products across the country," the heavy commercial vehicle maker said in a statement here. "Our dealerships are an essential touchpoint for our customers and play a key role in providing them with the best experience in terms of sales and after-sales support. Hence it is imperative for us to support them in maintaining a good inventory continuously," Ashok Leyland International Operations, Defence and Power solutions President (LCV) Amandeep

The offering was oversubscribed 5.17 times the base issue (Rs 500 crore) on the final day of the issue

The company, an NBFC, is part of the Murugappa Group

The MicroFinance Institutions' Network is planning to introduce this product with Cholamandalam MS General Insurance as insurer

Cholamandalam Financial Holdings Ltd (CFHL) has recorded a consolidated profit after tax for the quarter ending June 30, 2021 atRs 357 crore, the company said on Thursday.

: Cholamandalam Financial Holdings Ltd has reported a standalone profit of Rs 31.97 crore for the quarter ending March 31, 2021.

Cholamandalam Financial Holdings Ltd on Tuesday reported a 55.5 per cent jump in its consolidated net profit to Rs 505.55 crore for the second quarter of the current fiscal

While management believes it has made adequate Covid-19 provisioning, analysts are skeptical

On the impact of Covid-19 pandemic, the company said the virus-enforced lockdown have had an impact on the regular operations, including lending

For the year 2019-20, the profit before tax declined 15.4 per cent at Rs 1,806.89 crore compared to Rs 2,135.90 crore during the previous year

Management expects further rise in already-high moratorium book

Disbursements were down 36% in Q4 due to Covid-19 lockdown, due to which full-year disbursement dropped by 4%

Enquiries for fresh loans see uptick

Uptick in used CV sales helped in Q3, but new vehicle sales remain weak and operational challenges haven't eased

The company said that it may offer a discount of not more than five per cent on the floor price so calculated for the issue