Chola Finance and Investment Company Limited(NSE: CHOLAFIN) is a non-banking financial company based in India. It offers a range of financial products and services, including personal loans, vehicle loans, home loans, business loans, and insurance products. The company has a strong focus on customer service and works to provide tailored financial solutions to meet the unique needs of its clients.
Chola Finance and Investment Company Limited reported strong financial results for Q3FY23, with significant growth in disbursements, assets under management (AUM), net income, and profit after tax (PAT). Disbursements increased 68% for the quarter and 100% year-over-year (YoY) for YTD Dec 2022. Total AUM rose 31% YoY to Rs 1,03,789 crore. The net income margin increased 22% YoY for the quarter and 21% YoY for YTD Dec 2022. PAT grew 31% for the quarter and 24% YoY for YTD Dec 2022.