Cholamandalam Investment

REC, RBL, PNB: Bank, NBFC stocks rally as RBI to inject Rs 1.9trn liquidity

The Nifty PSU Bank index rose 1.46%, or 86.3 points to hit an intraday high of 5,976.75, while the Nifty Bank index increased 0.72%, adding 349.15 points to hit an intraday high of 48,839.10

Ajit Mishra of Religare Broking suggests buying these two stocks on Feb 20

Cholamandalam Investment has shown strong performance in the financial sector, stabilizing around its 100-week EMA

Cholamandalam Financial Q3 results: PAT rises to Rs 1,092.90 cr, income up

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

Asset quality key monitorable going ahead for Cholamandalam Investment

The pre-provision operating profit or PPoP was up 14 per cent Q-o-Q, which led to a return on equity or RoE at about 19 per cent in Q1FY25 despite deterioration in asset quality

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 .

Cholamandalam Investment Q4 result: Profit rises 25% to Rs 1,065 crore

Cholamandalam Investment and Finance Company on Tuesday reported a 24.5 per cent rise in net profit to Rs 1,065 crore for the March quarter on account of an increase in core business. The Murugappa Group firm had earned a consolidated profit of Rs 855 crore during the corresponding quarter of the previous year. During the quarter, the company's total income increased to Rs 5,499 crore as against Rs 3,835 crore a year ago, Cholamandalam Investment and Finance Company said in a regulatory filing. Interest income grew to Rs 4,938 crore during the period under review from Rs 3,499 crore in the year-ago period. Total expense rose to Rs 4,071 crore compared to Rs 2,672 crore in the fourth quarter of FY23. The board recommended a final dividend of 70 paise per share (35 per cent per share of face value of Rs 2 each) for the year ended March 2024, it said. On the asset quality side, the company's gross Non-Performing Assets (NPAs) were reduced to 3.54 per cent of gross advances as of Mar

Cholamandalam Financial Holdings posts consolidated Q2 PAT at Rs 888.03 cr

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

Cholamandalam Investment and Finance Q2 result: Profit up 35% to Rs 762 cr

Cholamandalam Investment and Finance Company has reported a standalone profit of Rs 762.49 crore for the July-September 2023 quarter following an all round growth in disbursements and assets under management, the company said. The city-based financial services arm of diversified conglomerate Murugappa Group had reported a standalone profit at Rs 563.41 crore in the corresponding quarter of last year. For the six months period ended September 30, 2023 the standalone profit surged to Rs 1,488.50 crore from Rs 1,129.07 crore recorded during the corresponding period of last year. Total income on standalone basis stood at Rs 4,571.89 crore, as against Rs 3,037.78 crore registered during the same period of last year. For the half-year ended September 30, 2023 the standalone total income grew to Rs 8,705.51 crore from Rs 5,808.71 crore registered during the year ago period. In a statement, the company said the growth in disbursements and the Assets Under Management were robust during the

Cholamandalam Investment soars 9% to hit a new high after strong Q4 results

The management said it had gained market share across product segments like in vehicle finance (VF), and other business units.

Amfi category: Adani Power, BoB, Cholamandalam may enter large cap space

HDFC AMC, Godrej Properties to migrate lower; move part of Amfi's half-yearly stock reclassification

Cholamandalam Investment Q2 net up 40% at Rs 610 cr, revenue dips slightly

Aggregate disbursements in Q2FY22 were up 35% at Rs 8,706 crore, from Rs 6,457 crore in Q2FY21

Cholamandalam Investment part of Vishwakarma consortium for NUE licence

The others in the consortium are Financial Software and Systems (FSS), Zoho, Zerodha, Razorpay, Ujjivan Small Finance Bank, and Airpay

SRF, Jindal Steel: Will the likely inclusion in MSCI index trigger a rally?

Tata Motors DVR, Intellect Design and SKF India are among the stocks that may be added to the MSCI SmallCap index

BSE Midcap index hits new high as financials, Adani group stocks rally

At 02:04 pm, the S&P BSE Midcap, the top gainer among broader indices, was up 1.5 per cent after hitting an intra-day high of 20,234 on the BSE

Cholamandalam Investment Q3 net up 5% at Rs 409 cr, disbursements rise 6%

AUM up 16% to Rs 75,813 cr; Net NPA without Supreme Court dispensation at Rs 1,404 cr vs Rs 937.9 cr a year ago

Over 90% BSE 200 components posted gains; 116 jumped over 10% in November

Market players said several stocks in the boarder markets were trading at attractive valuations

Murugappa Group revamp: 20-yr-old corporate advisory board to be disbanded

Instead of the board, which was managed by a family member and five outsiders, the group and individual companies will now be led by senior family members

Cholamandalam Investment net profit rises 41% to Rs 432 crore in Q2

The diversified financial services firm had over 95% of the moratorium customers starting to repay their installments till date