Cholamandalam Financial Holdings, a financial services company, has reported a 6% increase in its consolidated profit after tax (PAT) at Rs 1,093 crore for the December quarter, compared to Rs 1,207 crore in the same period last year. The company’s consolidated total income for the quarter rose 26% to Rs 8,593 crore, from Rs 6,842 crore in the same period last year. For the nine-month period ending December, the company’s consolidated income grew 29% year-on-year (YoY) to Rs 8,207 crore, while its PAT rose 25% YoY to Rs 3,378 crore.
The company’s subsidiary, Cholamandalam Investment and Finance Company, saw a 15% increase in disbursement to Rs 25,806 crore and a 24% increase in profit after tax (PAT) to Rs 1,087 crore. The company’s asset under management (AUM) also grew 34% to Rs 1,89,141 crore as on December 31, 2024.
Another subsidiary, Cholamandalam MS General Insurance Company, reported a 14% increase in gross written premium (GWP) to Rs 6,340 crore for the nine-month period of FY25. Cholamandalam MS Risk Services, another subsidiary, registered a profit of Rs 1.82 crore, up from Rs 1.24 crore last year.
Overall, the company’s financial performance is showing a positive trend, with growth in revenue and profit, indicating a strong financial position and prospects for the future.