{"id":13711,"date":"2018-10-31T06:12:52","date_gmt":"2018-10-31T06:12:52","guid":{"rendered":"http:\/\/faceinews.com\/?p=13711"},"modified":"2018-10-31T06:12:52","modified_gmt":"2018-10-31T06:12:52","slug":"cholamandalam-investment-and-finance-company-limited-chola-un-audited-financial-results-for-the-quarter-and-half-year-ended-30th-september-2018","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=13711","title":{"rendered":"CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED (CHOLA)  UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED  30th SEPTEMBER 2018"},"content":{"rendered":"<p><strong><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/07\/cholamand.png\" rel=\"attachment wp-att-6410\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6410\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/07\/cholamand.png\" alt=\"cholamand\" width=\"275\" height=\"183\" \/><\/a><\/strong><\/p>\n<p><strong>CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED (CHOLA) <\/strong><\/p>\n<p><strong>UN-AUDITED FINANCIAL RESULTS<\/strong> <strong>FOR THE QUARTER AND HALF YEAR ENDED <\/strong><\/p>\n<p><strong>30<sup>th<\/sup> SEPTEMBER 2018<\/strong><\/p>\n<p><strong>\u00a0<a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" rel=\"attachment wp-att-7654\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7654\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" alt=\"Faceinews Logo - Copy\" width=\"173\" height=\"43\" \/><\/a><\/strong><\/p>\n<p><strong>Q2 FY19:\u00a0 Assets under Management up by 31% and PAT up by 49% over Q2 FY18<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Chennai, October 30, 2018: <\/strong>The Board of Directors of <a href=\"http:\/\/www.cholamandalam.com\/\">Cholamandalam Investment and Finance Company Limited<\/a> today approved its un-audited financial results for the quarter and half year ended 30<sup>th<\/sup> September 2018.<\/p>\n<p><strong>Highlights:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n<p><strong>Q2 Performance:<\/strong><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0Rs in Cr.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Rs in Cr.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 * <\/strong>Annualised\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <strong>**<\/strong>As % of average assets<strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u00a0\u00a0\u00a0\u00a0<\/strong><strong>Disbursements grew by 26%\u00a0\u00a0\u00a0\u00a0 <\/strong> <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0PAT grew by 49%<\/strong> <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0\u00a0ROTA \u2013 PBT improved by 50 bps<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<ul>\n<li>Aggregate disbursements for the half year were at \u20b9 13,914 Cr as against \u20b9 10,345 Cr in the previous half year of FY18, registering\u00a0 a\u00a0 growth of 34%,.<\/li>\n<\/ul>\n<p>Vehicle Finance business has clocked a volume of \u20b9 11,207 Crs for the period ended September 2018 as against \u20b9 8,114 Cr. for the same period in the previous year, reporting a growth of 38% Y-o-Y. This has been attributable by consistent growth in HCV and LCV segment.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Home Equity business disbursed \u20b9 1,849 Crs as against \u20b9 1,570 Crs for YTD September FY 18,\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 marking a\u00a0 growth of 18% YoY,\u00a0 getting back to growth trajectory.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Assets under management grew by 31% at Rs.47,720 Crs as compared to Rs.36,456 Crs in Q2 FY18.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>The PBT-ROTA for YTD FY19 improved to 4.0% as against 3.6% in YTD September of FY18<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong><u>GNPA,\u00a0 NNPA and Provision Coverage Ratio<\/u><\/strong><\/p>\n<p>The Company has been able to maintain stage 3 receivables in absolute term at June\u201918 level, inspite of increase in overall asset position from Rs. 45,243 Cr to Rs 47,690 Cr.\u00a0 A brief comparison under IGAAP and\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 IND AS is given below:<\/p>\n<p>Rs in Cr.<\/p>\n<p><strong><u>Capital Adequacy:<\/u><\/strong><\/p>\n<p>The Capital Adequacy Ratio (CAR) of the company as on 30<sup>th<\/sup> September 2018, was at 18.34% as against the regulatory requirement of 15%.<\/p>\n<p><strong><u>Subsidiaries Performance: <\/u><\/strong><\/p>\n<p>During the quarter, the Company entered into an investment agreement with TVS Logistics Services Limited (TVSLSL), pursuant to which TVSLSL has taken a 51% stake in White Data Systems India Private Limited.\u00a0\u00a0 Consequently the holding of our Company is reduced from 63% to 31%.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED (CHOLA) UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER 2018 \u00a0 Q2 FY19:\u00a0 Assets under Management up by 31% and PAT up by 49% over Q2 FY18 &nbsp; Chennai, October 30, 2018: The Board of Directors of Cholamandalam Investment and Finance Company Limited today approved [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6410,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-13711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/13711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13711"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/13711\/revisions"}],"predecessor-version":[{"id":13712,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/13711\/revisions\/13712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/6410"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}