Cholamandalam Investment & Finance
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
PNB, Axis Bank, HDFC Bank others rise as RBI announces liquidity measures
Brokerages believe central bank's actions set the stage for a repo rate cut in February
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
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 .
Murugappa Group's finance firm Chola expects AUM growth of 20-25% in FY25
Company expects healthy growth in its key business of vehicle loans and new initiatives in lending to consumer and small enterprises
Cholamandalam Investment and Finance reports 28.2% rise in Q1 PAT
Cholamandalam Investment and Finance Company Ltd has reported a 28.2 percent rise in its net profits for the April-June 2023 quarter at Rs 726 crore, the company said on Wednesday. The financial services arm of the diversified conglomerate Murugappa Group reported a profit after tax at Rs 566 crore during the corresponding period of last year. In a statement, the company said the Board of Directors, subject to the approval of shareholders, has approved a proposal for Capital raising by way of qualified institutional placements (equity issuance and or compulsory convertible securities) at a price to be determined under SEBI, (Issue of Capital and Disclosure Requirements) Regulations, 2018. "We are targeting to raise Rs 4,000 crore by way of these instruments, subject to necessary approvals," the company said. Total income during the quarter under review surged by 49 percent to Rs 4,134 crore from Rs 2,771 crore registered in the same period of last year. The aggregate disbursements
Murugappa Group's Chola sees 28% rise in first quarter net profit
Chola's Home Loan business disbursed Rs 1,454 crore in Q1 FY24, a substantial 138 per cent growth from Rs 611 crore in Q1 FY23
Cholamandalam Investment net profit surges 24% to Rs 853 crore in Q4
Interestingly, disbursements during the year under review increased by 87 per cent to Rs 66,532 crore from Rs 35,490 crore in FY22
Chola Fin raises Rs 1,000 crore through maiden public bond offering
The offering was oversubscribed 5.17 times the base issue (Rs 500 crore) on the final day of the issue
Cholamandalam Investment and Finance posts 7% dip in Q2 net profit
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
Cholamandalam Investment and Finance reports Q2 net at Rs 606.54 cr
The assets under management as of September 30, 2021 stood at Rs 75,063 crore as compared to Rs 74,471 crore as of end September in FY 2021
Weekly stock recommendations by Ajit Mishra: Buy MGL, The Ramco Cements
MGL witnessed a fresh breakout from the consolidation range on June 15 and made new record highs as well
Bull spread strategy on Cholamandalam Finance by HDFC Securities
Stock price has broken out from the downward slopping trendline on the daily chart by adjoining the highs of April 30 and May 7, 2021
Cholamandalam Investment MD Arun Alagappan quits, to step down on Feb 14
Will assume larger responsibilities within the Group, say Sources
Post Covid-19 lockdowns, demand for vehicle loans is rising, says financier
The lockdown, which impacted the movement of vehicles across states, and subdued economic growth in the last few years impacted sales of commercial vehicles
Karur Vysya Bank joins hands with Maruti Suzuki to offer car loans
The loans are available to both salaried and self-employed customers.
Cholamandalam Financial Holdings profit before tax declines 25.8%
For the year 2019-20, the profit before tax declined 15.4 per cent at Rs 1,806.89 crore compared to Rs 2,135.90 crore during the previous year
Cholamandalam's investors should brace for higher asset quality pressure
Management expects further rise in already-high moratorium book
