Cholamandalam Investment posts ₹1,654 cr profit, 46% YoY Q1 FY27
Business
Cholamandalam Investment (CIFCL) just posted a strong first quarter for FY27, with profits up 46% year-on-year at ₹1,654 crore.
Their net income also climbed 28% to ₹4,930 crore compared to last year, so business is definitely booming.
AUM rises 23% to ₹254,392 cr
CIFCL's Assets Under Management grew by 23%, reaching ₹254,392 crore. Disbursements rose 22% to ₹29,612 crore, mostly thanks to vehicle loans (56%), with MSMEs and consumer loans making up the rest.
The company also plans to raise ₹55,000 crore through NCDs for future growth.
Even with a slight uptick in bad loans (gross NPA at 4.5%), their capital adequacy ratio stands strong at 19.81%, well above the required minimum.
Despite all this good news, shares ended down 1% on the BSE.