Cholamandalam Investment and Finance Company Q2 Results FY2023, Net Profit at Rs. 563 crores

Cholamandalam Investment and Finance Company Q2 Results FY2023

by Shreya Anaokar Last Updated: Dec 13, 2022 - 03:27 am 12.4k Views
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On 1st November 2022, Cholamandalam Investment and Finance Company announced its quarterly results for the second quarter of FY2023.

Q2FY23 Performance updates:

- The company reported disbursements at Rs. 14,623 Crores for the quarter, up by 68% YoY
- Total AUM at Rs. 91,841 Crores, up by 22% YoY  
- Net Income Margin up at Rs. 1,697 Crores for the quarter, up 21% YoY
- PAT at Rs. 563 Crores for the quarter, dropped by 7%

Business Highlights:

- Aggregate disbursements in Q2FY23 were at Rs. 14,623 Crores with a growth of 68%.
- Vehicle Finance (VF) disbursements were at Rs. 8,502 Crores in Q2FY23, registering a growth of 38%.
- Loan Against Property (LAP) business disbursed Rs. 2,246 Crores in Q2FY23, with a good growth rate of 38%.
- Home Loan business disbursed Rs. 743 Crores in Q2FY23, registering a growth of 23%. 
- Small and Medium Enterprises Loan (SME) business disbursed Rs. 1,473 Crores in Q2 FY 23, registering 367% growth.
- Consumer and Small Enterprise Loans (CSEL) disbursed Rs. 1,579 Crores in Q2FY23. 
- Secured Business and Personal Loan (SBPL) disbursed Rs. 81 Crores in Q2FY23.  
- The Capital Adequacy Ratio (CAR) of the company as on 30th September 2022, was at 18.40% as against the regulatory requirement of 15%. Tier-I Capital was at 15.77%.

The share price of the company grew by 5.37%.

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About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 

Disclaimer

Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
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