Cholamandalam Investment and Finance Company rose 0.52% to Rs 270.80 at 9:47 IST on BSE after consolidated net profit jumped 43.8% to Rs 87.41 crore on 38.6% growth in total income to Rs 730.69 crore in Q4 March 2013 over Q4 March 2012.
The company announced Q4 results after market hours on Friday, 26 April 2013.
Meanwhile, the S&P BSE Sensex was up 61.13 points or 0.32% at 19,347.85.
On BSE, 938 shares were traded in the counter as against average daily volume of 46.018 shares in the past one quarter.
The stock hit a high of Rs 275.05 and a low of Rs 270.80 so far during the day. The stock had hit a 52-week high of Rs 307.50 on 28 February 2013. The stock had hit a 52-week low of Rs 160 on 5 June 2012.
The stock had underperformed the market over the past one month till 26 April 2013, falling 1.39% compared with the Sensex's 3.11% gain. The scrip had, however, outperformed the market in past one quarter, sliding 1.12% as against Sensex's 4.06% fall.
The mid-cap company has equity capital of Rs 143.11 crore. Face value per share is Rs 10.
On a standalone basis, Cholamandalam Investment and Finance Company's net profit surged 41.4% to Rs 85.76 crore on 38.9% growth in total income to Rs 725.63 crore in Q4 March 2013 over Q4 March 2012.
Cholamandalam Investment and Finance Company's vehicle finance disbursements jumped 32.48% to Rs 3140 crore in Q4 March 2013 over Q4 March 2012. Disbursements in home equity loans surged 42.63% to Rs 639 crore in Q4 March 2013 over Q4 March 2012. The company's aggregate disbursements surged 33% to Rs 3808 crore in Q4 March 2013 over Q4 March 2012.
The company had issued and allotted 1.05 crore equity shares at Rs 285 per share aggregating to Rs 300 crore in February 2013.
On standalone basis, Cholamandalam Investment and Finance Company's net profit jumped 77.7% to Rs 306.55 crore on 42.9% growth in total income to Rs 2555.68 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
Cholamandalam Investment and Finance Company's vehicle finance disbursements jumped 35.24% to Rs 9882 crore in FY 2013. Disbursements in home equity loans surged 41.42% to Rs 2161 crore in FY 2013. The company's aggregate disbursements surged 36% to Rs 12118 crore in FY 2013.
The company has expanded its presence to 518 branches as on 31 March 2013, from 375 branches as on 31 March 2012. The additional branches are in Tier III and Tier IV locations across India, Cholamandalam Investment and Finance Company said in a statement.
The company had raised Tier II capital of Rs 698 crore during FY 2013 by way of subordinated debt and perpetual debt instruments to strengthen its capital adequacy ratio (CAR), which improved to 19.04% as on 31 March 2013, from 18.08% as on 31 March 2012.
Cholamandalam Investment and Finance Company's consolidated net profit surged 82.2% to Rs 307.91 crore on 40.1% growth in total income to Rs 2571.81 crore in FY 2013 over FY 2012.
Cholamandalam Investment and Finance Company's board of directors at a meeting held on Friday, 26 April 2013, recommended final dividend of Re 1 per share for FY 2013.
Cholamandalam Investment and Finance Company is the financial services arm of the Murugappa Group. The company provides a comprehensive range of financial services, offering vehicle finance, business finance, home equity loans, stock broking and distribution of financial products to its customers. The company has a network of 518 branches as on 31 March 2013.
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