6 May 2022 , 07:01 PM
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.
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% |
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