Cholamandalam Investment & Finance Company announced Q3FY25 results Aggregate disbursements in Q3FY25 were at Rs 25,806 crore as against Rs 22,383 crore in Q3FY24 registering a growth of 15%. Vehicle Finance (VF) disbursements were at Rs 14,390 crore in Q3FY25 as against Rs 12,354 crore in Q3FY24, registering a growth of 16%. Loan Against Property (LAP) business disbursed Rs 4,205 crore in Q3FY25, as against Rs 3,409 crore in Q3FY24, registering a growth rate of 23%. Home Loan business disbursed Rs 1,820 crore in Q3FY25, as against Rs 1,587 crore in Q3FY24 registering a growth of 15%. Small and Medium Enterprises Loan (SME) business disbursed Rs 1,911 crore in Q3FY25, as against Rs 1,981 crore in Q3FY24. Consumer and Small Enterprise Loans (CSEL) disbursed Rs 3,149 crore in Q3FY25, as against Rs 2,773 crore in Q3FY24 registering a growth of 14%. Secured Business and Personal Loan (SBPL) disbursed Rs 331 crore in Q3FY25, as against Rs 280 crore in Q3FY24 registering a growth of 18%. Assets under management as of 31st December 2024, stood at Rs 1,89,141 crore as compared to Rs 1,41,143 crore as of 31st December 2023, clocking a growth of 34% YoY. PBT Growth in Q3FY25 was at 27%. PBT-ROA for Q3FY25 was at 3.2%. ROE for Q3FY25 was at 19.6%. The Company continues to hold a strong liquidity position with Rs 15159 crore as cash balance as at end of Dec'2024 (including Rs 3421 crore invested in Gsec & SDL/ Rs 1694 crore invested TBill & Rs 758 crore invested in Strips shown under investments), with a total liquidity position of Rs 15677 crore (including undrawn sanctioned lines). The ALM is comfortable with no negative cumulative mismatches across all time buckets. Consolidated Profit Before Tax (PBT) for Q3FY25 was at Rs 1,465 crore as against Rs 1,157 crore in Q3FY24 registering a growth of 27%. Asset Quality: Stage 3 levels representing 90+ dues increased to 2.91% as of December 24 from 2.83% as of the end of September 24. GNPA % as per RBI norms increased to 4.00% as of December 24 as against 3.78% on September 24. NNPA as per RBI norms has also increased to 2.66% as of December 24 against 2.48% on September 24. NNPA is below the threshold of 6% prescribed by RBI as the threshold for PCA. Capital Adequacy: The Capital Adequacy Ratio (CAR) of the company as of 31st December 2024, was at 19.76% as against the regulatory requirement of 15%. Tier-I Capital was at 14.92% (Common Equity TierI Capital at 14.17% as against a regulatory minimum of 9%) and Tier-II Capital was at 4.84%. Interim Dividend: The Board of Directors of the Company approved the payment of Interim dividend of 65% being Rs 1.30 per share on the equity shares of the Company, for the year ending March 31, 2025. Result PDF
Conference Call with Cholamandalam Investment & Finance Company Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.