Cholamandalam Investment & Finance Reports 21% Profit Growth in Q1
Cholamandalam Investment and Finance Company's Q1 net profit increased by 21% to Rs 1,135.91 crore. Total income rose 26% to Rs 7,330.78 crore. Overall disbursements remained flat at Rs 24,325 crore. Vehicle Finance and Loan Against Property segments showed growth, while Home Loans and SME Business experienced declines. The company launched Gold Loan as a new vertical. Shareholders approved key resolutions at the 47th AGM, including financial statements adoption, dividend declarations, and increased borrowing powers.

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Cholamandalam Investment and Finance Company, a part of the Murugappa Group, has reported a strong financial performance for the first quarter. The company's net profit surged by 21% to Rs 1,135.91 crore, up from Rs 942.23 crore in the same quarter of the previous year.
Financial Highlights
- Net Profit: Rs 1,135.91 crore (21% year-on-year growth)
- Total Income: Rs 7,330.78 crore (26% year-on-year increase)
- Overall Disbursements: Rs 24,325 crore (remained flat)
Segment-wise Performance
The company's various business segments showed mixed results:
Segment | Disbursement (Rs Crore) | Growth (%) |
---|---|---|
Vehicle Finance | 13,647 | 7.00 |
Loan Against Property | 4,705 | 21.45 |
Home Loans | 1,764 | -0.79 |
SME Business | 1,705 | -21.06 |
Gold Loan (New) | 100 | N/A |
Business Highlights
- Vehicle Finance: Showed a healthy growth of 7%, reaching Rs 13,647 crore in disbursements.
- Loan Against Property: Witnessed significant growth of 21.45%, with disbursements of Rs 4,705 crore.
- Home Loans: Experienced a marginal decline to Rs 1,764 crore from Rs 1,778 crore in the previous year.
- SME Business: Saw a decrease in disbursements to Rs 1,705 crore from Rs 2,160 crore, attributed to the company's decision to slow down certain low Return on Total Asset products.
- Gold Loan: Launched as a new business vertical during the quarter, with initial disbursements of Rs 100 crore.
Operational Reach
Cholamandalam Investment and Finance Company continues to maintain a strong presence across India with 2,481 touchpoints, ensuring wide accessibility for its financial services.
Recent Corporate Actions
The company recently held its 47th Annual General Meeting (AGM), where shareholders approved several key resolutions:
- Adoption of standalone and consolidated financial statements for the year ended March 31.
- Confirmation of interim dividend and declaration of final dividend.
- Re-appointment of Mr. M A M Arunachalam as a director.
- Appointment of M/s. BP & Associates as Secretarial Auditors for a five-year term.
- Approval for increasing the company's borrowing powers.
These resolutions were passed with overwhelming majority, demonstrating strong shareholder support for the company's governance and future plans.
Cholamandalam Investment and Finance Company's robust performance in Q1, coupled with its strategic initiatives and shareholder approvals, positions the company well for continued growth in the financial services sector.
Historical Stock Returns for Cholamandalam Investment
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.43% | -1.29% | -3.21% | +5.60% | +8.82% | +617.07% |