Conference Call with Cholamandalam Investment & Finance Company Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Cholamandalam Investment & Finance Company announced Q1FY25 results: Aggregate disbursements in Q1FY25 were at Rs 24,332 crore as against Rs 20,015 crore in Q1FY24 with a growth of 22%. Vehicle Finance (VF) disbursements were at Rs 12,766 crore in Q1FY25 as against Rs 11,301 crore in Q1 FY24, registering a growth of 13%. Loan Against Property (LAP) business disbursed Rs 3,874 crore in Q1FY25, as against Rs 2,679 crore in Q1 FY24, with a growth rate of 45%. Home Loan business disbursed Rs 1,778 crore in Q1FY25, as against Rs 1,454 crore in Q1 FY24 registering a growth of 22%. Small and Medium Enterprises Loan (SME) business disbursed Rs 2,160 crore in Q1FY25, registering 6% growth over Rs 2,045 crore in Q1 FY24. Consumer and Small Enterprise Loans (CSEL) disbursed Rs 3,486 crore in Q1FY25, as against Rs 2,355 crore in Q1 FY24 registering a growth of 48%. Secured Business and Personal Loan (SBPL) disbursed Rs 268 crore in Q1FY25, as against Rs 182 crore in Q1 FY24 registering a growth of 48%. Assets under management as of 30th June 2024, stood at Rs 1,68,832 crore as compared to Rs 1,22,755 crore as of 30th June 2023, clocking a growth of 38% YoY. PBT for Q1FY25 was at Rs 1,268 crore, registering a growth of 31% over Q1 of FY24. PBT-ROA for Q1FY25 was at 3.2%. ROE for Q1FY25 was at 18.9%. The Company continues to hold a strong liquidity position with Rs 14,324 crore as cash balance as of the end of Jun'2024 (including Rs 1,551 crore in Gsec / Rs 1,606 crore TBill & Rs 611 crore in Strips shown under investments), with a total liquidity position of Rs 14,767 crore (including undrawn sanctioned lines). The ALM is comfortable with no negative cumulative mismatches across all time buckets as per Regulatory norms. Consolidated Profit Before Tax (PBT) for Q1FY25 was at Rs 1,275 crore as against Rs 956 crore in Q1FY24 registering a growth of 33%. Result PDF