Cholamandalam Investment and Finance Company rose 0.54% to Rs 325 after the company announced good Q3 results after market hours yesterday, 23 January 2020.
On a consolidated basis, the NBFC's net profit rose 21.93% to to Rs 389.16 crore on 23.04% rise in total income to Rs 2,289.31 crore in Q3 December 2019 over Q3 December 2018. Consolidated profit before tax (PBT) rose 9.36% to Rs 522.90 crore year-on-year (YoY).On a standalone basis, net profit rose 27.6% to Rs 388.51 crore in Q3 December 2019 as against Rs 304.37 crore reported in Q3 December 2018. Total income rose 24.6% to Rs 2274.90 crore on YoY basis.
Profit before Tax (PBT) was at Rs 522 crore as against Rs 463 crore for the quarter ended December 2018, registering the growth of 12.64%.
Disbursements in Q3 December 2019 fell by 2% to Rs 7,475 crore. Vehicle Finance (VF) business for the quarter ended December 2019 declined 5.23%, clocking a volume of Rs 5,949 crore in Q3 2019 as against Rs 6,277 crore in Q3 2018. The slow-down in VF disbursement is due to industry de-growth in Commercial Vehicles segment during this quarter.
The company reported a 25% rise in Asset Under Management (AUM) from Rs 52,591 crore in Q3 December 2018 to Rs 65,992 crore in Q3 December 2019.
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The Capital Adequacy Ratio (CAR) of the company as on 31 December 2019, was at 17.04% as against the regulatory requirement of 15%.
Cholamandalam Investment and Finance Company is a diversified non-banking finance company engaged in providing vehicle finance, home loans and corporate mortgage loans, small and medium enterprises (SME) loans, investment advisory services, stock broking and a range of other financial services.
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