Cholamandalam Investment and Finance Company Limited announces their Q4 (2017 – 2018) results

2026-07-27 06:59:25 Business

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FY18: Disbursements grew by 35% and PAT grew by 36% over FY17
Q4: Disbursements grew by 54% and PAT grew by 33% over Q4 FY17
Chennai, April 23, 2018: The Board of Directors of Cholamandalam Investment and Finance Company Limited
today approved its audited financial results for the quarter and for the year ended 31st March 2018.

Aggregate disbursements for the quarter were at ₹ 8,007 Cr as against ₹ 5,213 Cr in Q4 of FY17,
registering a growth of 54%, riding on the growth in CV industry.
 Vehicle Finance business disbursed ₹ 6,820 Crs as against ₹ 4,407 Cr. in Q4 of FY17 clocking a growth of
55% YoY. HCV and LCV continued to show strong growth, complemented by Used vehicles. The Vehicle
finance business has recorded the highest disbursement volume during the quarter.
 Home Equity business disbursed ₹ 806 Crs as against ₹ 544 Crs in Q4 FY 17, registering a growth of 48%
YoY, getting back to normalcy.
 Assets under management grew by 25% at Rs 42,879 Crores compared to the last financial year, which
stood at Rs 34,167 Crores
 The PBT-ROTA for Q4 FY18 improved to 5.0% as against 4.7% in Q4 FY17.

 Aggregate disbursements for the year are closed at ₹ 25,114 Cr with a growth of 35%, led by stellar
performance in Vehicle Finance business division, registering a 42% growth over FY17.
 The PBT-ROTA for FY18 improved to 4.6% as against 3.9% in FY17 due to better product mix and
reduction of net credit losses and lower cost of funds.

Capital Adequacy:
The Capital Adequacy Ratio (CAR) of the company as on 31st March 2018, was at 18.4% (Tier I ? 13.3% and Tier
II -5.1%) as against the regulatory requirement of 15%.
Final Dividend:
The Board of Directors of the Company declared a Final dividend of 20% being ₹ 2 per share on the equity
shares of the Company, for the year ending March 31, 2018. The overall dividend declared for the year ended
March 31, 2018 is ₹ 6.5 per share on the equity share which is 65%.
Subsidiaries Performance:
The subsidiaries Cholamandalam Securities Limited (CSEC), Cholamandalam Distribution Services Limited
(CDSL) and White Data System India Private Limited (WDSI) together made a profit after tax of ₹ 3.60 Cr in Q4
FY18, as against ₹ 0.97 Cr in the same quarter last year. On a full year basis, the subsidiaries made a profit after
tax of ₹ 5.22 Cr, as against Rs. 4.18 Cr in FY17.

Consolidated Results:
The consolidated profit after tax for Q4 FY18 is ₹ 290.13 Cr. as against ₹ 220.53 Cr. in Q4 of FY17, registering a
growth of 32%.
About Chola
Cholamandalam Investment and Finance Company Limited (Chola), incorporated in 1978 as the
financial services arm of the Murugappa Group. Chola commenced business as an equipment
financing company and has today emerged as a comprehensive financial services provider offering
vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock
broking and a variety of other financial services to customers.
Chola operates from 873 branches across India with assets under management above INR 40,000
Crores. The subsidiaries of Chola are Cholamandalam Securities Limited (CSEC), Cholamandalam
Distribution Services Limited (CDSL) and White Data Systems India Private Limited (WDSI).
The mission of Chola is to enable customers enter a better life. Chola has a growing clientele of over 8
lakh happy customers across the nation. Ever since its inception and all through its growth, the
company has kept a clear sight of its values. The basic tenet of these values is a strict adherence to
ethics and a responsibility to all those who come within its corporate ambit - customers,
shareholders, employees and society. For more details, please visit www.cholamandalam.com
About Murugappa Group
Founded in 1900, the INR 300 Billion Murugappa Group is one of India\'s leading business
conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE.
Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd.,
Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance
Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry
(India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., TI Financial
Holdings Ltd and Wendt