Q3 2025 Cholamandalam Investment and Finance Company Ltd Earnings Call Transcript
Key Points
- Cholamandalam Investment and Finance Co Ltd (BOM:511243) reported a 15% increase in disbursements for Q3 FY25, reaching INR25,806 crore.
- The company's total assets under management (AUM) grew by 34% year-on-year, reaching INR189,141 crore.
- Net income for the quarter increased by 37% year-on-year to INR3,541 crore.
- The company maintains a strong liquidity position with a cash balance of INR15,159 crore at the end of December 2024.
- The Board of Directors approved an interim dividend of 65%, equating to INR1.30 per share.
- Stage 3 asset levels increased to 2.91% as of December 2024, up from 2.83% in September 2024.
- Gross Non-Performing Assets (GNPA) rose to 4% from 3.78%, indicating a deterioration in asset quality.
- The company's net credit cost guidance for the year was revised to 1.4%, higher than the initial target of 1.3%.
- The cost-to-assets ratio has not improved as expected, remaining elevated due to increased investment in collections and technology.
- The company faces challenges in the vehicle finance segment, particularly in small and light commercial vehicles, which have shown increased delinquency rates.
Ladies and gentlemen, good day and welcome to Q3 FY25 earnings conference call of Cholamandalam Investment and Finance Company Limited, hosted by Kotak Securities Limited. (Operator Instructions) Please note that this call is being recorded.
I now hand the conference over to Mr. Nischint Chawathe from Kotak Securities. Thank you and over to you.
Good evening everyone. Welcome to the earnings conference call of Cholamandalam Investment and Finance Company Limited, to discuss the 3Q FY25 performance of Chola and share industry and business updates we have with us, the senior management presented by Mr. Vellayan Subbiah, Chairman and Non-Executive Director; Mr. Ravindra Kundu, Managing Director; and Mr. Arul Selvan, Chief Financial Officer.
I would now like to hand over the call to Vellayan for his opening comments, after which we'll take the Q&A.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
