Cholamandalam Investment & Finance Company Ltd. (NSE:CHOLAFIN) is a financial services company that offers vehicle finance, home loans, business loans, and other financial products. The company is a subsidiary of Cholamandalam Financial Holdings Ltd.
Cholamandalam Investment & Finance Company Ltd reported its Q3FY23, the company has shown significant growth in its disbursements, with Rs 17,559 crore for the quarter (up 68%) and Rs 45,512 crore for YTD Dec 2022 (up 100% YoY). The total AUM (Assets Under Management) also increased by 31% YoY, reaching Rs 1,03,789 crore. Furthermore, the company’s net income margin increased to Rs 1,832 crore for the quarter (up 22% YoY) and Rs 5,169 crore for YTD Dec 2022 (up 21% YoY). The PAT (Profit After Tax) also grew to Rs 684 crore for the quarter (up 31%) and Rs 1,813 crore for YTD December 2022 (up 24% YoY).
The company reported total income of Rs. 3408.09 crore during the period ended December 31, 2022, compared to Rs. 3067.02 crore during the period ended September 30, 2022. The EPS (Earnings Per Share) increased from Rs. 6.84 for the period ended September 30, 2022, to Rs. 8.32 for the period ended December 31, 2022. Moreover, the company posted a net profit of Rs. 684.82 crore for the period ended December 31, 2022, compared to Rs. 562.82 crore for the period ended September 30, 2022, and Rs. 527.71 crores for the period ended December 31, 2021. The EPS also increased from Rs. 6.42 for the period ended December 31, 2021, to Rs. 8.32 for the period ended December 31, 2022.