Cholamandalam Investment & Finance Company Q1FY18 standalone net profit rises 25% yoy to Rs.207 crore : Beats Estimates

Jul 27, 2017 03:07 IST India Infoline Research Team

Cholamandalam Investment & Finance Company Ltd Q1FY18

Standalone Results Q1FY18: (Rs. in crore)

Q1FY18 YoY (%)
NII 694 24
Net Profit (adjusted) 207 25



Reco. Price


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Cholamandalam Investment and Finance company Ltd. Q1FY18 results registered beat on street estimates. The NII for the quarter came in 5.3% above the street estimates of Rs.659 crore. While, net profit for the quarter also came in 4.9% higher than the street estimates of Rs.197 crore.

The NII for the quarter grew 24% yoy to Rs.694 crore in Q1FY18 vs Rs.560.3 crore in Q1FY17. This was largely due to rise in assets by 14% yoy to Rs.36079 crore in Q1FY17. Also, net interest margin for the quarter rose by 100 bps to 8% vs 7% in Q1FY17.

The company also managed to contain the GNPA and NNPA at 4.7% and 3.2% respectively.

Aggregate loan disbursals for the quarter saw 6.4% yoy rise to Rs.4853 crore.

Net profit for the quarter saw 25% yoy increase to Rs.207 crore in Q1FY18 vs Rs.166 crore in Q1FY17.

Capital Adequacy ratio of the company stood at 19.4% vs regulatory requirement of 15%, with tier I capital at 14.2% and Tier II capital at 5.1% for the Q1FY18.

Technical View:

Cholamandalam Investment & Finance Company Ltd is currently trading at Rs. 1,177, up by 32.35 points or 2.83% from its previous closing of Rs. 1,144.65 on the BSE.
The scrip opened at Rs. 1,157.85 and has touched a high and low of Rs. 1,212.95 and Rs. 1,154.30 respectively. So far 7,05,064(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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