Rail Vikas Nigam Q2 Results: Net Profit Drops 27% to ₹287 Crore, Falling Short of Estimates
Cholamandalam Investment and Finance Company Q2 Results FY2023, Net Profit at Rs. 563 crores
Last Updated: 13th December 2022 - 03:27 am
On 1st November 2022, Cholamandalam Investment and Finance Company announced its quarterly results for the second quarter of FY2023.
Q2FY23 Performance updates:
- The company reported disbursements at Rs. 14,623 Crores for the quarter, up by 68% YoY
- Total AUM at Rs. 91,841 Crores, up by 22% YoY
- Net Income Margin up at Rs. 1,697 Crores for the quarter, up 21% YoY
- PAT at Rs. 563 Crores for the quarter, dropped by 7%
Business Highlights:
- Aggregate disbursements in Q2FY23 were at Rs. 14,623 Crores with a growth of 68%.
- Vehicle Finance (VF) disbursements were at Rs. 8,502 Crores in Q2FY23, registering a growth of 38%.
- Loan Against Property (LAP) business disbursed Rs. 2,246 Crores in Q2FY23, with a good growth rate of 38%.
- Home Loan business disbursed Rs. 743 Crores in Q2FY23, registering a growth of 23%.
- Small and Medium Enterprises Loan (SME) business disbursed Rs. 1,473 Crores in Q2 FY 23, registering 367% growth.
- Consumer and Small Enterprise Loans (CSEL) disbursed Rs. 1,579 Crores in Q2FY23.
- Secured Business and Personal Loan (SBPL) disbursed Rs. 81 Crores in Q2FY23.
- The Capital Adequacy Ratio (CAR) of the company as on 30th September 2022, was at 18.40% as against the regulatory requirement of 15%. Tier-I Capital was at 15.77%.
The share price of the company grew by 5.37%.
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