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

Cholamandalam Investment and Finance Company Q2 Results FY2023

Corporate Action
by Shreya Anaokar Last Updated: 2022-11-02T12:51:35+05:30

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%.


Start Investing in 5 mins*

Get Benefits worth 2100* | Rs. 20 Flat Per Order | 0% Brokerage

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.

Open Free Demat Account

& get benefits worth 2100*

Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code
Account belongs to

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number