Earnings Review
Cholamandalam Invest PAT misses view as employee costs jump
This story was originally published at 19:57 IST on 30 January 2026
Register to read our real-time news.Informist, Friday, Jan. 30, 2026
Please click here to read all liners published on this story
--Cholamandalam Invest Q3 home loan disbursements INR 20.07 bln
--Cholamandalam Invest Q3 loan against property disbursements INR 52.85 bln
--Cholamandalam Invest Q3 vehicle loan disbursements INR 168.05 bln
--Cholamandalam Invest disbursements INR 299.6 bln on Dec 31 vs INR 258.1 bln
--Cholamandalam Invest AUM INR 2.28 tln on Dec 31, up 20% on year
--Cholamandalam Invest capital adequacy ratio 19.16% on Dec 31
--Cholamandalam Invest provision coverage ratio 33.44% on Dec 31
--Cholamandalam Invest net NPA ratio 3.13% on Dec 31 vs 3.07% qtr ago
--Cholamandalam Invest gross NPA ratio 4.63% on Dec 31 vs 4.57% qtr ago
--Cholamandalam Invest Apr-Dec revenue INR 225.89 bln vs INR 187.21 bln yr ago
--Cholamandalam Invest Apr-Dec PAT INR 35.79 bln vs INR 29.92 bln yr ago
--Cholamandalam Invest interim dividend record date is Feb 5
--Cholamandalam Invest to pay INR 1.30 per share interim dividend
--Cholamandalam Invest Oct-Dec PAT INR 12.88 bln vs INR 10.87 bln yr ago
--Cholamandalam Invest Oct-Dec revenue INR 78.75 bln vs INR 67.09 bln yr ago
--Analysts saw Cholamandalam Invest Oct-Dec net profit at INR 13.31 bln
--Cholamandalam Invest Oct-Dec net profit INR 12.88 bln
By Kabir Sharma
MUMBAI – Cholamandalam Investment and Finance Co. Ltd.'s net profit for the December quarter undershot analysts' expectations by a small margin as a surge in employee costs and impairment of financial instruments offset the positive impact of a rise in revenue from operations.
The financier reported a net profit of INR 12.88 billion for the December quarter, up nearly 19% on year. The bottom line was up by over 11% from the trailing quarter. Analysts had estimated the bottom line at INR 13.31 billion for the quarter.
The company declared an interim dividend of INR 1.30 per share with Thursday as the record date. The company's shares closed 1.1% lower at INR 1,631.60 on the National Stock Exchange. The earnings were announced after market hours.
The company's employee costs rose 23% year on year to INR 10.83 billion in the December quarter, weighing on net profit. Impairment of financial instruments rose 37% to INR 9.10 billion in the reporting quarter. The company benefited from a gain on derecognition of financial instruments, which rose by more than 55% to INR 1.01 billion in the reporting quarter.
The company's home loan disbursements were INR 20.07 billion and loan against property disbursements were at INR 52.85 billion during the quarter. Vehicle loan disbursements, which accounted for the majority, totalled INR 168.05 billion in the quarter. Total disbursements of the company rose to INR 299.6 billion during the quarter from INR 258.1 billion a year ago. The total assets under management rose 20% on year to INR 2.28 trillion as on Dec. 31.
The financier reported a slight deterioration in asset quality. The gross non-performing asset ratio rose to 4.63% as of Dec. 31 from 4.57% a quarter ago. The net NPA ratio rose to 3.13% from 3.07% a quarter ago. The provision coverage ratio of the non-bank finance company was at 33.44% as of Dec. 31.
For Apr-Dec, the company reported a revenue of INR 225.89 billion, up from INR 187.21 billion a year ago. The company's net profit rose to INR 35.79 billion from INR 29.92 billion a year ago. The capital adequacy ratio was at 19.16% as of Dec. 31. End
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
