Cholamandalam Investment and Finance Company (511243) Q1 22/23 earnings summary

Executive summary

• Best-ever first-quarter disbursements, collections and profitability; Q1 FY23 disbursements reached ₹13,329 crore, up 267% YoY, while AUM rose 14% to ₹86,703 crore.

• Standalone profit after tax rose 73% YoY to ₹566 crore; consolidated profit after tax increased 71% to ₹562 crore.

Financial highlights

• Total income was ₹2,771 crore, up 12% YoY; net income reached ₹1,640 crore, up 19%.

• Profit before tax rose 73% YoY to ₹762 crore; standalone PAT was ₹566 crore versus ₹327 crore in Q1 FY22.

• Standalone quarterly EPS was ₹6.89 basic and ₹6.88 diluted, versus ₹3.98 basic and diluted in Q1 FY22.

Segment performance

• Vehicle Finance disbursements were ₹8,562 crore, up 201% YoY; Loan Against Property disbursements were ₹2,169 crore, up 462%.

• Home Loan disbursements reached ₹478 crore, up 140% YoY; SME disbursements were ₹1,030 crore versus ₹204 crore in Q1 FY22.

• New Consumer and Small Enterprise Loans disbursed ₹1,055 crore; Secured Business and Personal Loans disbursed ₹36 crore.

• Standalone segment PBT: Vehicle Finance ₹47,219 lakh, Loan Against Property ₹18,755 lakh and Home Loans ₹6,799 lakh.