Cholamandalam Investment soars after disbursements jump 58% YoY in Q4

8 Apr 2022 , 10:40 AM

The company had recorded disbursements of Rs 8,071 crore in Q4 FY21.

Disbursements in vehicle finance business was Rs 8,785 crore (up 43% YoY), disbursements of loan against property business was Rs 1,870 crore (up 57% YoY) and disbursements in home loans stood at Rs 549 crore (up 2% YoY) for Q4 of FY22.

For FY22, disbursements amounted to Rs 35,489 crore as against Rs 26,043 crore in FY21, which is a growth of 36% on a YoY basis.

Collection efficiency on billing improved across all product segments and stood at 138% in Q4 FY22 as against 120% in Q4 FY21. This will result in strengthening the asset quality position of the company.

The company continues to hold a strong liquidity position with Rs 5575 crore as cash balance as at end of March 2022, with a total liquidity position of Rs 7,400 crore.

The asset liability management (ALM) is comfortable with no negative cumulative mismatches across all time buckets, the NBFC said in a statement.

Cholamandalam Investment and Finance Company (CIFCL) is comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, loan against property, stock broking distribution of financial products and freight data solutions.

On a consolidated basis, the companys net profit rose 16.97% to Rs 248.93 crore on 2.22% rise in total income to Rs 3,727.53 crore in Q3 December 2021 over Q3 December 2020.

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