Cholamandalam Investment and Finance Limited announced its results for the quarter ended December 2021. The company reported a net profit of Rs 524 crore for the quarter ended December 2021, as against Rs 409 crore for the previous corresponding quarter, showing an upside of 28% YoY. Companyâ€™s PAT for the 9M period ended December 2021 was Rs 1,457 crore, registering a growth of 15% YoY since the corresponding 9M period.

The companyâ€™s disbursements for the quarter stood at Rs 10,430 crore showing an increase of 32% YoY, while disbursements for the 9M period ended December 2021 stood at Rs 22,772 crore, up by 27% YoY.

Its total AUM reported a marginal growth of 4% YoY at Rs 79,161 crore for Q3 FYâ€™22.

Cholamandalamâ€™s Net Income Margin stood at Rs 1484 crore for Q3 FYâ€™22, reflecting a growth of 9% YoY. While Net Income margin for the 9M period ended December 2021 closed at Rs 4,240 crore, up by 18% YoY.

Companyâ€™s economic activities improved marginally, including for contact-intensive service industries that were hit hard by the pandemic. Increased demand and good monsoon have supported the easy revival of Indiaâ€™s economy in Q3 FYâ€™22. Overall improvement in financial indicators has contributed to a sharp recovery in Cholaâ€™s disbursements and collection during the September-December 2021 quarter. The company has launched three new business divisions during the quarter namely, Secured Business & Personal Loan, Consumer & Small Enterprise loan, & SME Loan.

Company has also agreed to make a strategic investment in the equity shares of Payswiff Technologies Private Limited (Payswiff) up to a sum of Rs 450 crore, holding about 72% equity capital of Payswiff on a fully diluted basis.

Cholamandalam is currently trading at Rs648.65 down by Rs4.5 or 0.69% from its previous closing of Rs653.15 on the BSE.

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