Cholamandalam Investment And Finance Company

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Cholamandalam Financial Holdings Ltd reported a consolidated profit after tax of Rs 1,092.90 crore for the October-December 2024 quarter, the company said on Friday. The city-based company, part of the diversified Murugappa Group, had recorded a consolidated profit of Rs 1,027 crore during the corresponding quarter of the previous financial year. For the April-December 2024 period, consolidated profit grew to Rs 3,377.70 crore from Rs 2,706.81 crore in the year-ago period. Total income for the quarter under review surged to Rs 8,592.98 crore from Rs 6,842.03 crore in the corresponding period of the previous financial year. For the nine months ending December 31, 2024, total income rose to Rs 24,450.56 crore, compared to Rs 18,928.85 crore in the year-ago period. Cholamandalam Investment and Finance Company Ltd, in which Cholamandalam Financial Holdings holds a 44.35 per cent stake, disbursed Rs 25,806 crore during the quarter ending December 31, 2024, as against Rs 22,383 crore in

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Cholamandalam Investment and Finance Company Ltd has reported a consolidated profit after tax for the July-September 2024 quarter at Rs 967.80 crore, the company said on Friday. The city-headquartered company had registered a consolidated PAT of Rs 772.87 crore during the corresponding quarter of last year. The profit after tax for the six month period ending September 30, 2024 stood at Rs 1,914.95 crore, as compared to Rs 1,482.81 crore registered year ago. The consolidated total income during the quarter under review grew to Rs 6,322.34 crore, from Rs 4,695.16 crore registered in the same quarter of last year. For the half year ending September 30, 2024 the consolidated total income went up to Rs 12,179.09 crore, from Rs 8,865.95 crore recorded a year ago. Disbursements made during the half year ending September 30 2024 grew to Rs 48,646 crore from Rs 41,557 crore disbursed during the corresponding period of last year. Total Assets Under Management (AUM) as of September 30, 2024

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The motor insurance vertical of Cholamandalam MS General Insurance Company Ltd will contribute to 62-63 per cent of the business by the end of this financial year, a top official of the company said. The company, a joint venture between Murugappa Group and Japan-based Mitsui Sumitomo Insurance Group, also expects to increase its equity investments, Managing Director V Suryanarayanan said. The city-based company recorded a Gross Written Premium of Rs 1,945 crore for the April-June 2024 quarter, a growth of 14.3 per cent compared to the industry average of 12.4 per cent. Briefing reporters, Suryanarayanan said the company expects motor insurance to make up 62-63 per cent of its business by the end of the current financial year, while it was looking at strong growth in the health insurance portfolio. "We expect motor insurance (portfolio) to be at around 62-63 per cent by the end of the year (from the current 60 per cent), commercial vehicle insurance will be 16 per cent, health shoul

Cholamandalam Investment and Finance Company has reported a 29.7 per cent growth in its profit after tax for the April-June 2024 quarter at Rs 942 crore. The company, which is the financial services arm of diversified conglomerate Murugappa Group, had registered a profit after tax of Rs 726 crore in the corresponding quarter of last year. Total income during the quarter under review grew by 40.9 per cent to Rs 5,828 crore, from Rs 4,134 crore registered in the corresponding quarter of last year. Disbursements made during the quarter ending June 30, 2024, grew by 22 per cent to Rs 24,332 crore, as compared to Rs 20,015 crore registered in the same period of last year. Assets under management during the quarter under review rose to Rs 1,68,832 crore, from Rs 1,22,755 crore registered in the same period of last year. In a statement issued on Friday, the company said it continues to hold a strong liquidity position of Rs 14,767 crore as a cash balance as of the end of June 2024. The .

Cholamandalam Investment & Finance Company on Thursday reported a 28 per cent increase in net profit to Rs 876 crore for the December quarter driven by higher disbursements and the resultant interest income. The Chennai-based company disbursed 27 per cent more loans at Rs 22,383 crore in the quarter, taking the overall loan book to Rs 63,940 crore, which jumped 40 per cent on-year. The total AUM stood at Rs 1,41,143 crore which was 36 per cent more than the year-ago period. Net interest income for the quarter rose by 41 per cent to Rs 2,580 crore. Vehicle finance book grew 18 per cent to Rs 12,354 crore aided by steady growth in used volume, while loan against property grew 51 per cent to Rs 3,409 crore and home loans grew 48 per cent to Rs 1,587 crore driven by branch expansion into small towns. SME loans grew 11 per cent to Rs 1,981 crore and consumer and small enterprise loans jumped 48 per cent to Rs 2,773 crore. Its gross NPAs marginally declined to 3.92 per cent as against

Loan Against Property (LAP) business disbursed Rs 3,409 crore during the quarter, as against Rs 2,255 crore during the same period last fiscal, with a growth rate of 51 per cent

Cholamandalam Financial Holdings Ltd has reported a consolidated profit after tax for the July-September 2023 quarter at Rs 888.03 crore, the company said. The company had posted a consolidated PAT at Rs 606.35 crore during the corresponding quarter of last year. For the six months ended September 30, 2023, the consolidated PAT surged to Rs 1,679.81 crore, from Rs 1,188.82 crore registered during the same period of last year, a press release said on Friday. The consolidated total income grew to Rs 6,372.23 crore, from Rs 4,355.33 crore registered in the same period last year. For the half-year ended September 30, 2023, the consolidated total income went up to Rs 12,086.82 crore, from Rs 8,318.05 crore registered in the same period of last year. Cholamandalam Investment and Finance Company Ltd, in which Cholamandalam Financial Holdings has about 43.34 per cent stake disbursed Rs 21,542 crore during the quarter that ended September 30, 2023, as against Rs 14,623 crore in the same pe

Nomura India Investment Fund Mother Fund on Friday bought shares of Cholamandalam Financial Holdings Ltd worth Rs 166 crore through an open market transaction. According to the bulk deal data available with BSE, Nomura India Investment Fund Mother Fund purchased 14,51,000 shares of Cholamandalam Financial Holdings. The shares were acquired at an average price of Rs 1,145.30 apiece, taking the transaction size to Rs 166.18 crore. Meanwhile, promoter of Cholamandalam Financial Holdings Ambadi Enterprises Ltd offloaded 10.58 lakh shares at an average price of Rs 1,151.02. This took the deal value to Rs 121.80 crore. Shares of Cholamandalam Financial Holdings fell 0.97 per cent to close at Rs 1,191.75 apiece on BSE.

The stock hit a record high of Rs 1,239.80, surging 7 per cent in the past two trading days

In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years

Cholamandalam Investment and Finance Company, the financial services arm of the diversified Murugappa Group, on Thursday announced its maiden public issue of debt sales worth Rs 5,000 crore in multiple tranches with an opening issue pegged at Rs 1,000 crore. Cholamandalam Finance said the move is to diversify its funding source which currently is heavily skewed towards banks. The Rs 1,000-crore first tranche will open on April 25 and close on May 9, offering an annual coupon of up to 8.40 per cent for 60 months and 8.25 per cent for 22 months. The first tranche includes a base issue of Rs 500 crore with an option to retain oversubscription of up to Rs 500 crore, D Arulselvan, President and Chief Financial Officer of the Chennai-based company, told reporters. The AA-rated NCDs will be listed on the BSE and NSE, and the primary investor target (up to 85 per cent) is retail customers, he said. Arulselvan said that the company's asset under management (AUM), which is heavily auto-loan

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On Monday, the stock price of Aptus had zoomed 19 per cent on report that Cholamandalam Investment and Finance was looking to buy controlling stake in the company

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Murugappa group's financial services unit says bad loans are down and it expects AUM to grow 25% this financial year

CIFC's total income increased by 22 per cent from Rs 2,481 crore during the second quarter of 2022-23 from Rs 3,038 crore during the same period last financial year