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
Housing Finance company Aptus Value Housing Finance India announced Q3FY25 results AUM crosses Rs 10,000 crore milestone, number of customers crosses 1,50,000. AUM stands at Rs 10,226 crore with a 27% YoY growth and 6% QoQ growth. PAT at Rs 191 crore with a 22% YoY growth and 5% QoQ growth. RoA at 7.70%, one of the best in the Industry. RoE at 18.54% is making steady progress, up by 144 bps YoY and by 24 bps QoQ. Borrowings further diversified – Additional funding through issuance of NCDs to MFs. Received Corporate Agency license from IRDAI. P. Balaji, Managing Director, Aptus Value Housing Finance India, said: “We are pleased to announce that the Company delivered strong performance in the third quarter of FY25. The Company reported a 22% YoY increase in net profit, reaching Rs 191 crore in the third quarter of FY25, driven by business growth, stable asset quality and a sustained focus on enhancing productivity. AUM growth was strong at 27% year-on-year driven by the addition of 36 branches in the first nine months of FY25 across both existing and new states, including Maharashtra and Odisha. The branch network spanning 6 states and 1 Union Territory has grown up to 300. Our diversified product offerings have significantly contributed to a robust and resilient income stream, positioning the company for sustained growth. Our Opex for the quarter, despite investments in new branches, Information Technology and HR continues to be good at 2.61%. As a productivity-driven organization, we are committed to maintaining the lowest cost-to-asset and cost-to-income ratios in the affordable housing finance sector. Digital adoption continues to be a key focus area as we drive growth.Our robust digital infrastructure, enabling seamless omnichannel lead generation, has played a significant role, contributing around 21% of our business through leads from our customer referral app, eco-partners app, and social media channels. During this period, the Company achieved an 88% adoption rate for digital agreements. Additionally, our digital collections were maintained at 97%, and account aggregator penetration rose to 48%. Our asset quality continues to be strong with net credit costs reducing to 32 bps from 38 bps in the previous quarter. The marginal increase in our NPA compared to the previous quarter is mainly due to macro environment and seasonality in the quarter. We will have our continued focus on soft collections and NPAs in the ensuing quarter. We continue to maintain our conservative credit cost guidance of around 35 to 40 bps. We achieved a ROA and ROE of 7.70% and 18.54% respectively, one of the best in the industry, underscoring our focus on sustainable growth, strong credit quality and operational efficiencies. As part of our funding plan, we diversified our borrowings by issuing non-convertible debentures aggregating to Rs 325 crore to Mutual Funds during Q3FY25. As on December 31, 2024, we maintained sufficient liquidity of around Rs 1,000 crore including undrawn sanctions of Rs 570 crore. The Company is well capitalized with a net worth of over Rs 4,108 crore. As part of our strategic expansion, we have broadened our geographical reach beyond south by opening 10 new branches in Maharashtra and Odisha. At the same time, we continue to reinforce our strong presence in South India, with a consolidated network of 290 branches. Moving forward, we are focused on consistent growth, aiming for an AUM increase to Rs 25,000 crore by FY 2028. Our strategy of expanding into underserved regions while maintaining strong asset quality has been key to our solid financial performance. We remain confident in the long-term potential of the affordable housing sector and will continue to expand our reach, product and service offerings to meet the evolving needs of our customers. Result PDF
Conference Call with Bajaj Finserv Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.