Cholamandalam Investment and Finance Company Limited (CHOLAFIN) — Corporate Action | 31 January 2025(2 announcements)

Cholamandalam Investment and Finance Company Limited reported unaudited consolidated profit before tax of ₹1,465.65 crores for Q3 2024, up 37% year-on-year, alongside a 65% interim dividend (₹1.30 per share) payable by 28 February 2025. The company also disclosed strong growth in disbursements (15% YoY in Q3), AUM expansion (34% YoY), and robust capital adequacy at 19.76%, with Stage 3 assets rising to 2.91% and GNPA to 4.00% as of December 2024.

The Board approved unaudited Q3 FY25 standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, alongside an interim dividend of 65% (₹1.30 per share) payable by February 28, 2025, with a record date of February 7, 2025. Total income rose to ₹6,836.76 crores consolidated, profit before tax to ₹1,465.65 crores, and comprehensive income to ₹1,189.32 crores. Segment performance showed strong growth in Vehicle Finance revenue (₹3,618.61 crores) and profit (₹667.42 crores), while Home Loans contributed ₹650.65 crores in revenue and ₹172.49 crores in profit. The company reported robust AUM growth of 34% YoY to ₹1,89,141 crores and net income growth of 39% YoY to ₹9,812 crores YTD. Asset quality showed minor deterioration with Stage 3 assets at 2.91% and GNPA at 4.00% as of December 2024. Capital adequacy stood at 19.76% (Tier I: 14.17%).