Cholamandalam Financial Holdings Ltd (BOM:504973)

Q3 2026 Cholamandalam Financial Holdings Ltd Earnings Call Transcript

Feb 9, 2026 / 10:00 AM GMT

Release Date Price: ₹1714.65 (+3.85%)

Transcript

Key Points

Positve

Cholamandalam Financial Holdings Ltd (BOM:504973) recorded a Gross Direct Premium Income (GDPI) of 2,067 crores for Q3 and 5,714 crores for the nine-month period, indicating strong revenue generation.
The company secured about 25% of its total motor premium from new vehicles in Q3, showcasing its ability to capture new market segments.
The Expense of Management (EOM) for Chola MS for Q3 stood at 30.63, which is lower than the board-approved GlidePath plan, indicating effective cost management.
The investment corpus as of December was over 187,700 crores, with mark-to-market gains of 162 crores in debt and 294 crores in the equity portfolio, reflecting strong investment performance.
The company is taking corrective actions to improve operational efficiencies and expects a reduction in the motor Own Damage (OD) loss ratio by 3 to 5% over the next two quarters.

Negative

Cholamandalam Financial Holdings Ltd (BOM:504973) suffered a loss of crop insurance business, impacting the quarter's GDPI by about 84 crores and accumulatively by 467 crores for the nine months.
The claims ratio for the quarter and year-to-date were at 80.5 and 81.1, which is higher than the levels in the corresponding periods of the previous year, indicating increased claims expenses.
The combined ratio for nine months was at 116.2, which is higher than the industry average, reflecting operational inefficiencies.
The Return on Equity (ROE) for the nine months was at 7.9%, which is below the company's target range of 16 to 18%, indicating lower profitability.
The company has adopted a cautious stance with respect to growing the two-wheeler book due to the absence of motor third-party premium increases over the last four years, potentially limiting growth opportunities.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CHOL.NS - Cholamandalam Financial Holdings Ltd
Q3 2026 Cholamandalam Financial Holdings Ltd Earnings Call
Feb 09, 2026 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Q3FI 26 Chola Mandalam Financial Holdings earnings conference call hosted by Dam Capital Advisors Limited. As a reminder, all participants will be a less only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing 0 on attach phone.

Please note that this conference is being recorded. I now hand the conference over to Mr. Pad Zariwala from Dam Capital Advisors Limited.

Thank you and over to you, sir.

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