CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED (CHOLA) UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER 2018

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CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED (CHOLA)

UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED

30th SEPTEMBER 2018

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Q2 FY19:  Assets under Management up by 31% and PAT up by 49% over Q2 FY18

 

Chennai, October 30, 2018: The Board of Directors of Cholamandalam Investment and Finance Company Limited today approved its un-audited financial results for the quarter and half year ended 30th September 2018.

Highlights:                  

Q2 Performance:                                                                                                           Rs in Cr.

 

                                                                                                                                                       Rs in Cr.

 

                                                    * Annualised                          **As % of average assets                                                                 

 

    Disbursements grew by 26%                    PAT grew by 49%                 ROTA – PBT improved by 50 bps

 

  • Aggregate disbursements for the half year were at ₹ 13,914 Cr as against ₹ 10,345 Cr in the previous half year of FY18, registering  a  growth of 34%,.

Vehicle Finance business has clocked a volume of ₹ 11,207 Crs for the period ended September 2018 as against ₹ 8,114 Cr. for the same period in the previous year, reporting a growth of 38% Y-o-Y. This has been attributable by consistent growth in HCV and LCV segment.

 

  • Home Equity business disbursed ₹ 1,849 Crs as against ₹ 1,570 Crs for YTD September FY 18,                      marking a  growth of 18% YoY,  getting back to growth trajectory.

 

  • Assets under management grew by 31% at Rs.47,720 Crs as compared to Rs.36,456 Crs in Q2 FY18.

 

  • The PBT-ROTA for YTD FY19 improved to 4.0% as against 3.6% in YTD September of FY18

 

GNPA,  NNPA and Provision Coverage Ratio

The Company has been able to maintain stage 3 receivables in absolute term at June’18 level, inspite of increase in overall asset position from Rs. 45,243 Cr to Rs 47,690 Cr.  A brief comparison under IGAAP and       IND AS is given below:

Rs in Cr.

Capital Adequacy:

The Capital Adequacy Ratio (CAR) of the company as on 30th September 2018, was at 18.34% as against the regulatory requirement of 15%.

Subsidiaries Performance:

During the quarter, the Company entered into an investment agreement with TVS Logistics Services Limited (TVSLSL), pursuant to which TVSLSL has taken a 51% stake in White Data Systems India Private Limited.   Consequently the holding of our Company is reduced from 63% to 31%.

 

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