Chola Investments Q4 PAT up 180% at Rs686.74cr on spike in fee income and lower impairment losses

6 May 2022 , 07:01 PM

Chola Investments reported 5.07% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs2,605.07cr. On a sequential basis, revenues were higher for the quarter by 1.87%.

For the full year FY22, the revenues were higher by 5.9% at Rs10,141cr. During the quarter, Chola Investments saw a sharp spike of 62% in fee and commission income.

At the same time, the interest spreads improved positively as the loan yields improved amidst controlled cost of funds for the core business of Chola.

The consolidated net profit for Q4 was up 180.15% at Rs686.74cr while it was up on a sequential basis by 30.14%.

While the spike in fee income was the main driver growing from Rs.88cr to Rs143cr, the other big factor was impairment. The impairment for the quarter turned around from a loss of Rs559cr to a small gain of Rs17cr.

Net margins stood at 26.36% in Mar-22 quarter compared to 9.89% in Mar-21. NPM was higher sequentially compared to 20.64% in Q3. The board has recommended final dividend of Rs.0.70 per share for FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Chola Investments
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 2,605.07	₹ 2,479.37	5.07%	₹ 2,557.28	1.87%
Net Profit (Rs cr)	₹ 686.74	₹ 245.13	180.15%	₹ 527.71	30.14%
Diluted EPS (Rs)	₹ 8.35	₹ 2.98		₹ 6.42
Net Margins	26.36%	9.89%		20.64%