Cholamandalam Financial Holdings Limited (CFHL) has announced its unaudited financial results for the quarter and half-year ending September 30, 2024, reporting impressive growth figures across its consolidated operations.
Q2 FY25 Key Highlights:
- Revenue: Consolidated total income for Q2 FY25 stood at ₹8,180 crore, up 28% from ₹6,372 crore in Q2 FY24.
- Net Profit (PAT): Consolidated PAT for Q2 FY25 reached ₹1,125 crore, a 27% increase from ₹888 crore in the same quarter last year.
H1 FY25 Performance:
- Half-Year Revenue: Consolidated revenue for the half-year reached ₹15,858 crore, a 31% growth compared to ₹12,087 crore in H1 FY24.
- Half-Year Net Profit: PAT for H1 FY25 was ₹2,285 crore, reflecting a 36% growth over ₹1,680 crore in the prior-year period.
Subsidiary Highlights
Cholamandalam Investment & Finance Company Ltd (CIFCL):
- Loan Disbursals: CIFCL disbursed ₹24,314 crore in Q2 FY25, a 13% increase from ₹21,542 crore in Q2 FY24.
- PAT: CIFCL reported a Q2 PAT of ₹963 crore, up 26% from ₹762 crore in Q2 FY24. Half-year PAT stood at ₹1,905 crore, marking a 28% growth over the previous year.
Cholamandalam MS General Insurance Company Ltd (CMSGICL):
- Gross Written Premium: CMSGICL recorded a GWP of ₹2,209 crore in Q2 FY25, up 11% from ₹1,984 crore in Q2 FY24.
- PAT: CMSGICL’s Q2 PAT rose 37% to ₹153 crore from ₹111 crore in Q2 FY24. H1 FY25 PAT surged 89% to ₹364 crore from ₹192 crore in the previous year, driven by higher investment income.
Cholamandalam MS Risk Services Ltd:
- Q2 Total Income: ₹20.66 crore, up from ₹17.55 crore in Q2 FY24.
- PAT: Q2 PAT increased to ₹1.49 crore from ₹0.84 crore in the previous year. Half-year PAT was ₹1.61 crore, reflecting a growth over the prior year.
CFHL’s robust Q2 performance highlights its growth trajectory, with significant contributions from its subsidiaries and a 33% rise in assets under management, reaching ₹1,77,426 crore as of September 30, 2024.
