Cholamandalam Investment & Finance Company Ltd News

Cholamandalam Investment and Finance Q2 results: Profit rises to Rs 968 cr

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

F&O Insights: FIIs up Nifty, Bank Nifty bullish bets; futures premium dip

Derivative market update for Wednesday, August 28: The Nifty September futures premium dipped from Rs 155 to Rs 116 yesterday; while, Bank Nifty futures premium declined to Rs 257 from Rs 328.

Cholamandalam to raise Rs 1,000 cr by selling largest private perp bond

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 Investment and Finance appoints Ravindra Kumar Kundu as MD

The Board of Cholamandalam Investment and Finance Company has announced the elevation of Ravindra Kumar Kundu as its Managing Director. His term of appointment would be for a period of five years with effect from October 7. Kundu currently serves Cholamandalam Investment and Finance Company as its Executive Director. Under his leadership, the company in a statement said, the Assets Under Management (AUM) grew to Rs 1,53,000 crore in FY'24 from Rs 67,000 crore in FY'20. Cholamandalam Investment and Finance Company Ltd is the financial services division of the diversified conglomerate the Murugappa Group. Kundu has been with Cholamandalam Investment and Finance Company for 24 years, has an overall experience of 36 years in automobile and financial services industry. For the April-June 2024 quarter, the company reported a profit after tax of Rs 942 crore, up by 29.7 per cent from Rs 726 crore registered in the year ago period. The total income during the quarter under review grew t

Cholamandalam Investment and Finance Q1 results: PAT up 29.7% at Rs 942 cr

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 .