Cholamandalam Investment and Finance Company Limited has released the transcript of its earnings call for Q3FY26, held on February 2, 2026. The company informed stock exchanges about the availability of the transcript through a regulatory filing dated February 9, 2026, under Regulation 30.

Q3FY26 Financial Performance

The company reported strong financial performance during the third quarter, with Executive Chairman Vellayan Subbiah highlighting key metrics during the earnings call:

Segment-wise Growth Momentum

The company witnessed robust growth across multiple business segments during Q3FY26. Vehicle finance delivered 17% year-on-year increase in disbursements, supported by broad-based industry momentum across commercial vehicles, passenger vehicles, and two-wheelers in both new and used categories.

The mortgage and lending segments showed particularly strong performance:

New Business Initiatives

The company's newly introduced gold loan business disbursed ₹772 crores during Q3FY26, operating through 118 dedicated branches in South and Eastern India. The unsecured segment registered 32% growth over Q2FY26, though year-on-year growth remained negative due to withdrawal from fintech-based lending.

Financial Position and Capital Adequacy

Cholamandalam Investment maintained strong liquidity with total liquid assets of ₹18,857 crores, including undrawn sanction lines. The company's capital adequacy position stood at 19.16% in December 2025, with Tier 1 capital at 14.12%.

Management Outlook

During the earnings call, Managing Director and CEO Ravindra Kundu indicated that credit costs in vehicle finance have stabilized, with expectations of reasonable moderation in Q4. The company anticipates Q4 to reflect improved performance in line with past trends, supported by sustained housing demand and healthy traction in mortgage-backed lending.

The Board approved payment of an interim dividend of 65%, equivalent to ₹1.30 per share, reflecting the company's commitment to shareholder returns despite ongoing business investments.

Cholamandalam Investment and Finance Company Limited has received board approval for the reclassification of Algavista Greentech Private Limited from promoter group to public category under SEBI regulations. The decision was taken at the board meeting held on January 30, 2026, following a formal request received from Algavista Greentech on December 18, 2025.

Application Filed with Stock Exchanges

Following the board approval, the company has now filed a formal application with both National Stock Exchange of India Limited and BSE Limited for the reclassification process. In a letter dated February 4, 2026, addressed to both stock exchanges, Company Secretary P. Sujatha confirmed the submission of the application under Regulation 31A of the SEBI Listing Regulations.

Board Approval and Regulatory Compliance

The board of directors considered the reclassification request and confirmed Algavista Greentech's eligibility pursuant to Regulation 31A(3)(b) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The approval was granted in accordance with the requirements under Regulation 31A of the listing regulations.

Current Shareholding Position

The current shareholding details of Algavista Greentech Private Limited in Cholamandalam Investment are as follows:

Regulatory Process and Next Steps

Algavista Greentech Private Limited has provided undertakings in their request letter to comply with all requirements specified in Regulation 31A(4) of the listing regulations at all times. The reclassification remains subject to receipt of no-objection from the stock exchanges as required under Regulation 31A of the SEBI Listing Regulations before becoming effective.

The formal application filing represents the next step in the regulatory process, moving the reclassification request from board approval stage to active consideration by the stock exchanges for final approval.