TI Financial Holdings Ltd's Q4FY18 consolidated net profit rises 5.89% yoy to Rs63.26cr : In-line with Estimates

The company’s consolidated revenue stood at Rs858.18cr, up 17% yoy but down 3.21% qoq.

May 10, 2018 08:05 IST India Infoline Research Team

TI Financial Holdings Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 858.18 17
EBITDA 92.77 8.8
EBITDA Margin (%) 10.8 [81]
Net Profit (adjusted) 63.26 5.9
***EBITDA margin change is bps


Reco. Price


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TI Financial Holdings Ltd's consolidated revenue for Q4FY18 came in at Rs858.18cr, up by 17% yoy. The operating profit stood at Rs92.77cr for the quarter, up by 8.8% yoy. The EBITDA margin declined by ~81bps yoy to 10.8% in Q4FY18. The net profit after tax for the quarter came in at Rs63.26cr, a rise of 5.9% yoy.

• TI Financial Holdings Limited’s consolidated net profit for the quarter after minority interest including profit from associate stood at Rs172.58cr, an increase of 25.3% yoy.
• Cholamandalam Investment & Finance Company Ltd (CIFC; ~46.2% stake) disbursed Rs8,007cr during the quarter, a rise of 54% yoy. The consolidated net profit for CIFC was at Rs290cr, up by 32% yoy. AUM of CIFC grew by 25% to Rs42,879cr.
• Cholamandalam MS General Insurance Company Ltd (CMGIC; 60% stake) registered a marginal growth of 5% in gross written premium (GWP) to Rs959cr in Q4FY18. The net claims incurred for the quarter came in at Rs526.80cr, up 16.6% yoy. The net profit for CMGIC came in at Rs61cr, up 2% yoy.
• The other expenses of the company increased significantly by 22% yoy to Rs202.47cr.
• The board of directors of the company approved final dividend of 65% i.e. Rs0.65 per share for the year ended March 31, 2018.

Technical View:

TI Financial Holdings Ltd is currently trading at Rs. 707.40, down by 2.5 points or 0.35% from its previous closing of Rs. 709.90 on the BSE.
The scrip opened at Rs. 720.30 and has touched a high and low of Rs. 725.55 and Rs. 700 respectively. So far 2,07,187 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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