Cholamandalam Financial Holdings Limited has announced that India Ratings & Research Private Limited has affirmed the credit rating for its Non-Convertible Debentures. The company communicated this development to the National Stock Exchange of India and BSE Limited on March 12, 2026, as part of its regulatory disclosure obligations.

Credit Rating Details

The credit rating agency has maintained its assessment of the company's debt instruments with favorable terms. The rating affirmation covers a substantial amount of the company's debt securities.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and developments that could impact investor decisions.

The communication was signed by E Krithika, Company Secretary of Cholamandalam Financial Holdings Limited, and submitted to both major Indian stock exchanges where the company's shares are listed.

Significance of Rating Affirmation

The IND AA+/Stable rating indicates high credit quality with very low credit risk. The stable outlook suggests that the rating is unlikely to change in the near term, reflecting consistent financial performance and strong creditworthiness. This rating affirmation demonstrates the company's ability to meet its financial obligations and maintain investor confidence in its debt securities.

Cholamandalam Financial Holdings Limited announced the outcome of its Board of Directors meeting held on February 9, 2026, where the Board approved unaudited financial results for the quarter and nine months ended December 31, 2025. The company also addressed a significant corporate governance matter regarding promoter reclassification.

Board Meeting Outcomes

The Board meeting, which commenced at 12:00 PM and concluded at 2:20 PM, addressed two key agenda items. The directors approved the unaudited standalone and consolidated financial results as prescribed under Regulation 33 of the Listing Regulations, with statutory auditors M/s. R.G.N. Price & Co. providing their limited review report.

Consolidated Financial Performance

The company delivered strong consolidated results for Q3FY26. Total consolidated income reached ₹10,084.12 crores compared to ₹8,592.98 crores in the corresponding quarter of the previous year, representing growth of 17.36%. Consolidated PAT for the quarter was ₹1,385.82 crores against ₹1,092.90 crores, marking a growth of 26.81%.

For the nine months period ended December 31, 2025, consolidated total income grew to ₹29,056.27 crores from ₹24,450.56 crores, marking an 18.84% increase. Consolidated PAT for the nine months reached ₹3,859.63 crores compared to ₹3,377.70 crores, registering growth of 14.27%.

Subsidiary Performance

Cholamandalam Investment & Finance Company Limited (CIFCL)

CIFCL, with the company holding approximately 44.18% stake, achieved disbursements of ₹29,962 crores in Q3FY26 compared to ₹25,806 crores in Q3FY25. The subsidiary demonstrated robust performance across key metrics.

Cholamandalam MS General Insurance Company Limited (CMSGICL)

The insurance subsidiary, with the company holding about 60% stake, registered gross written premium of ₹2,361 crores in Q3FY26 against ₹2,175 crores in Q3FY25, showing growth of 8.55%. PAT under Ind AS for the quarter was ₹93 crores compared to ₹2 crores in Q3FY25, with the increase primarily attributed to mark-to-market movements of fair value of equity instruments.

Corporate Governance Development

The Board considered and approved a reclassification request from Algavista Greentech Private Limited, seeking to move from the 'Promoter and Promoter Group' category to 'Public Shareholder' category. This approval is subject to obtaining No Objection Certificate from the stock exchanges in accordance with Regulation 31A of the Listing Regulations.

Segment Performance Analysis

The consolidated results reflect strong performance across the company's three main business segments. The financing segment generated revenue of ₹7,898.21 crores in Q3FY26 with profit before tax of ₹1,735.14 crores, while the insurance segment achieved revenue of ₹2,149.26 crores with profit before tax of ₹123.81 crores.

The company continues to maintain its position as a leading financial services conglomerate, with diversified business interests spanning financing, insurance, and other financial services, demonstrating resilience and growth potential across market cycles.