Cholamandalam Financial Holdings Limited (CFHL) reported a strong performance for the third quarter ending December 31, 2024, with significant growth across key financial metrics.
Key Financial Highlights for Q3 FY25:
- Net Interest Income (NII): ₹3,171 crore, up 30.9% YoY compared to ₹2,422 crore in Q3 FY24.
- Pre-Provision Operating Profit (PPOP): ₹2,133 crore, reflecting a 24.6% YoY increase from ₹1,712 crore.
- Profit After Tax (PAT): ₹486 crore, an increase of 4.1% YoY compared to ₹467 crore in Q3 FY24.
Operational Highlights:
- Asset Under Management (AUM): ₹1,89,141 crore as of December 31, 2024, up from ₹1,53,718 crore the previous year.
- Disbursements: Stood at ₹74,452 crore YTD, reflecting strong demand in retail and wholesale lending.
- Branch Expansion: The company added new branches, increasing its total network to 1,508 locations across India.
Segment-wise Updates:
- CIFCL: Achieved a robust expansion in its loan book, driven by demand in vehicle finance and home loans.
- CMSGICL (General Insurance): Gross written premium increased to ₹6,340 crore, up from ₹5,542 crore last year.
- CMSRSL (Securities): Revenue reached ₹58.41 crore YTD, with a PAT of ₹3.44 crore.
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