Cholamandalam Financial Holdings (CHOLAHLDNG) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated total income was ₹11,388.41 Cr, up 19% YoY, and PAT was ₹1,520.11 Cr, up 25%; H1 total income was ₹22,571.75 Cr and PAT ₹3,309.10 Cr.

• Financing growth supported earnings, while general-insurance results were pressured by NatCat losses and elevated motor claims.

Financial highlights

• Q2 consolidated EPS was ₹34.22 versus ₹29.28 YoY; H1 EPS was ₹77.14 versus ₹60.09.

• Financing segment PBT was ₹2,187.05 Cr in Q2 and ₹4,409.12 Cr in H1; insurance segment recorded a Q2 loss of ₹169.09 Cr and H1 result of ₹3.50 Cr.

• General-insurance H1 PAT was ₹78 Cr versus ₹198 Cr a year earlier; H1 PAT was ₹116 Cr excluding the 1/n premium impact.

• H1 NatCat losses were ₹71.2 Cr, including ₹58.3 Cr in Q2; a large risk added a further ₹14 Cr impact.

Segment performance

• Vehicle-finance Q2 disbursements rose 31% YoY to ₹17,801 Cr and H1 disbursements rose 26% to ₹34,304 Cr; AUM grew 21%.

• LAP Q2 disbursements rose 39% to ₹6,438 Cr and H1 rose 20% to ₹11,218 Cr; AUM grew 24%.

• Home-loan disbursements rose 43% in Q2 to ₹2,426 Cr and 22% in H1 to ₹4,223 Cr; AUM grew 24%.

• General-insurance GWP was ₹2,386 Cr in Q2 and ₹4,517 Cr in H1, excluding the 1/n premium impact; reported GWP was ₹2,429 Cr and ₹4,618 Cr, respectively.

• H1 risk-services revenue was ₹51.18 Cr versus ₹43.33 Cr; PAT was ₹1.79 Cr versus ₹2.68 Cr.