Cholamandalam Investment and Finance Company Limited (CIFCL) reported a consolidated net profit of Rs 1,087 crore for the quarter ended December 31, 2024 (Q3 FY25), marking a 24% year-on-year (YoY) increase from Rs 876 crore in Q3 FY24. The growth was driven by higher disbursements and an increase in assets under management (AUM).
Key financial highlights for Q3 FY25 (Consolidated):
- Disbursements: Rs 25,806 crore, up 15% YoY from Rs 22,383 crore.
- Total income: Rs 6,812 crore, a 36% increase from Rs 5,019 crore YoY.
- Net income: Rs 3,541 crore, up 37% from Rs 2,580 crore in Q3 FY24.
- Profit after tax (PAT): Rs 1,087 crore, compared to Rs 876 crore in the same quarter last year.
- Total AUM: Rs 1,89,141 crore, a 34% YoY increase from Rs 1,41,143 crore.
Segment-wise disbursements:
- Vehicle Finance: Rs 14,390 crore, up 16% YoY from Rs 12,354 crore.
- Loan Against Property: Rs 4,205 crore, a 23% increase from Rs 3,409 crore YoY.
- Home Loans: Rs 1,820 crore, up 15% from Rs 1,587 crore YoY.
- Small and Medium Enterprises (SME) loans: Rs 1,911 crore, marginally lower than Rs 1,981 crore YoY.
Asset quality:
- Gross NPA: Increased to 4.00% from 3.78% as of September 2024.
- Net NPA: Increased to 2.66% from 2.48% as of September 2024.
- Stage 3 assets: Increased to 2.91% as of December 2024 from 2.83% in the previous quarter.
Capital adequacy:
- Capital adequacy ratio (CAR): 19.76% as of December 31, 2024, against the regulatory requirement of 15%.
Interim dividend:
The board approved an interim dividend of Rs 1.30 per share, representing 65% of the face value, for the year ending March 31, 2025.
Cholamandalam’s strong performance highlights sustained growth in disbursements, a healthy increase in AUM, and improved profitability, although slightly higher NPA levels remain a challenge.
