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Cholamandalam Investment inches higher after Q3 numbers


Capital Market
Cholamandalam Investment and Finance Company rose 0.54% to Rs 325 after the company announced good Q3 results after market hours yesterday, 23 January 2020.
On a consolidated basis, the NBFC's net profit rose 21.93% to to Rs 389.16 crore on 23.04% rise in total income to Rs 2,289.31 crore in Q3 December 2019 over Q3 December 2018. Consolidated profit before tax (PBT) rose 9.36% to Rs 522.90 crore year-on-year (YoY).
On a standalone basis, net profit rose 27.6% to Rs 388.51 crore in Q3 December 2019 as against Rs 304.37 crore reported in Q3 December 2018. Total income rose 24.6% to Rs 2274.90 crore on YoY basis.
Profit before Tax (PBT) was at Rs 522 crore as against Rs 463 crore for the quarter ended December 2018, registering the growth of 12.64%.
Disbursements in Q3 December 2019 fell by 2% to Rs 7,475 crore. Vehicle Finance (VF) business for the quarter ended December 2019 declined 5.23%, clocking a volume of Rs 5,949 crore in Q3 2019 as against Rs 6,277 crore in Q3 2018. The slow-down in VF disbursement is due to industry de-growth in Commercial Vehicles segment during this quarter.
The company reported a 25% rise in Asset Under Management (AUM) from Rs 52,591 crore in Q3 December 2018 to Rs 65,992 crore in Q3 December 2019.
The Capital Adequacy Ratio (CAR) of the company as on 31 December 2019, was at 17.04% as against the regulatory requirement of 15%.
Cholamandalam Investment and Finance Company is a diversified non-banking finance company engaged in providing vehicle finance, home loans and corporate mortgage loans, small and medium enterprises (SME) loans, investment advisory services, stock broking and a range of other financial services.
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First Published: Jan 24 2020 | 9:22 AM IST

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