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Cholamandalam Investment and Finance Company
Cholamandalam Investment and Finance Company (511243) investor relations material
Cholamandalam Investment and Finance Company Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary2 Feb, 2026
Executive summary
Q3 FY26 disbursements reached ₹29,962 Cr, up 16% YoY, with AUM at ₹2,27,770 Cr, reflecting 20% YoY growth; net income for Q3 was ₹1,288 Cr, up 19% YoY, and PAT for the quarter was ₹1,288 Cr.
Vehicle finance disbursements grew 17% YoY, supported by GST rate cuts and strong demand; LAP, home loans, and SBPL disbursals grew 26%, 10%, and 30% YoY, with AUM growth of 31%, 27%, and 52% respectively.
Net income for Q3 FY26 was ₹4,342 Cr, up 23% YoY; YTD Dec25 PAT up 20% to ₹3,579 Cr.
Branch network expanded to 1,757 locations, serving over 44.7 lakh customers with 71,260 employees.
Board approved an interim dividend of 65% (₹1.30 per share) for FY26.
Financial highlights
Q3 FY26 income up 17% YoY to ₹7,985 Cr; net interest income for Q3 FY26 was ₹4,342 Cr, up 23% YoY.
PBT for Q3 FY26 rose 18% YoY to ₹1,733 Cr; ROA (PBT) at 3.2%; ROE at 19.11%.
Net income margin improved to 8.0% in Q3 FY26; expense ratio stable at 3.1%.
Credit costs improved marginally; vehicle finance credit costs stabilized at 2% and are expected to moderate further.
GNPA at 4.63% and NNPA at 3.13% as of Q3 FY26; provision coverage ratio at 43.03%.
Outlook and guidance
Q4 is expected to show improved performance, with disbursements and collections trending positively; AUM growth guidance maintained at 20%-22% for the year.
NIM expected to hold at current levels, with slight improvement possible in Q4.
Positive momentum expected in HCV, LCV, and passenger vehicle segments, with continued focus on portfolio quality.
LAP and home loans expected to benefit from strong retail credit demand and government housing initiatives.
Credit costs in CSEL expected to decline below 5% in the next financial year as portfolio quality improves.
Stage 3 asset trend and coverage ratio
Remaining CCDs and future Tier I capital impact
New Labour Codes impact on employee expense
What sustains vehicle finance credit cost fall?
Detail LAP/SME yield sustainability strategy.
What is the risk profile of new digital lending?
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Next Cholamandalam Investment and Finance Company earnings date
Q4 25/2627 Apr, 2026
Cholamandalam Investment and Finance Company
Next Cholamandalam Investment and Finance Company earnings date
Q4 25/2627 Apr, 2026
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Frequently asked questions
Cholamandalam Investment and Finance Company Limited is an India-based non-banking financial company (NBFC) specializing in financial services for retail and corporate clients. The company provides vehicle financing, home loans, small and medium enterprise (SME) loans, and loans against property. It also offers wealth management and investment advisory services. The company is headquartered in Chennai, India, and its shares are listed on the NSE and BSE.
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