Cholamandalam Financial Holdings Limited Q4FY21 consolidated net profit drops QoQ to Rs. 83.94 crores

Cholamandalam Financial Holdings Limited has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3522.75 crores during the period ended March 31, 2021 as compared to Rs.3645.15 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.83.94 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.212.81 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.4.47 for the period ended March 31, 2021 as compared to Rs.11.34 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 3522.75 crs	₹ 3645.15 crs	-3.36%
Net Profit	₹ 83.94 crs	₹ 212.81 crs	-60.56%
EPS	₹ 4.47	₹ 11.34	-60.58%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.3522.75 crores during the period ended March 31, 2021 as compared to Rs.3286.82 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.83.94 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.39.91 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.4.47 for the period ended March 31, 2021 as compared to Rs.2.13 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 3522.75 crs	₹ 3286.82 crs	7.18%
Net Profit	₹ 83.94 crs	₹ 39.91 crs	110.32%
EPS	₹ 4.47	₹ 2.13	109.86%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.13904.90 crores during the 12 months period ended March 31, 2021 as compared to Rs.13135.73 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.824.64 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.550.85 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.43.93 for the 12 months period ended March 31, 2021 as compared to Rs.29.34 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 13904.90 crs	₹ 13135.73 crs	5.86%
Net Profit	₹ 824.64 crs	₹ 550.85 crs	49.7%
EPS	₹ 43.93	₹29.34	49.73%

Cholamandalam Investment & Finance Company Ltd, in which the Company holds about 45.47% stake, disbursed Rs.26,043 Cr in FY 21 as compared to Rs.29,091 Cr in the previous year, registering a decline of 10% Y-on Y. The decline is primarily due to lower disbursements in Q1 and Q2 of FY 21 due to lockdown.

PAT for FY 21 is Rs. 1,515 Cr compared to Rs.1,052 Cr in the previous year, registering an increase of 44%.

Assets under management grew by 14% to Rs. 76,529 Cr as at March 31, 2021 as compared to Rs.66,943 Cr as at March 31, 2020.

Cholamandalam MS General Insurance Company Ltd., a subsidiary in general insurance business, in which the Company holds about 60% stake, registered a Gross Written Premium (GWP) of Rs. 4,705 Cr in FY 21 as against Rs.4,824 Cr in the previous year, decline of 2%. PAT for the year ended March 31, 2021 is at Rs. 276 Cr as against Rs.125 Cr in the previous year.

Cholamandalam MS Risk Services Ltd., a Joint Venture Company, in which the Company holds 49.5% stake, registered total income of Rs. 43.59 Cr for the year ended March 31, 2021 as against Rs. 48.90 Cr in the previous year. PAT in FY 21 is Rs.1.95 Cr as against Rs.4.09 Cr in the previous year.

Source : Equity Bulls

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