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Stock Report
Cholamandalam Investment and Finance Company Ltd - Q4FY22 Business Update
Posted On : 2022-04-07 17:44:26( TIMEZONE : IST )
Cholamandalam Investment and Finance Company Ltd has announced the operation update for the quarter and year ended 31st March, 2022:
- Disbursements for Q4 FY 22 stood approximately at Rs.12718 Crores as against Rs.8071 Crores in Q4 of FY 21 which is a growth of 58% and for FY 22 stood approximately at Rs.35,489 Crores as against Rs.26043 Crores which is a growth of 36%.
- Disbursements in Vehicle Finance business grew by 43% to approximately Rs.8785 Crores in Q4 of FY 22 and by 26% in FY 22 to approximately Rs.25,439 Crores. Loan Against Property business grew disbursements by 57% to approximately Rs.1870 Crores in Q4 of FY 22 and by 53% to approximately Rs.5536 Crores in FY 22. Disbursements in Home Loans stood at Rs.549 Crores for Q4 of FY 22 and Rs.1896 Crores in FY 22 which is a growth of 2% and 23% respectively YoY. Apart from this, the new businesses launched last year together made disbursals of Rs.1514 Crores for Q4 of FY 22 and Rs.2618 Cr in FY 22.
Collection Efficiency on billing improved across all Product segments and stood at 138% in Q4 of FY 22 as against 120% in Q4 of FY 21. This will result in strengthening the asset quality position of the Company.
The Company continues to hold a strong liquidity position with Rs.5575 Crores as cash balance as at end of March 2022 (including Rs.1500 Crores invested in Gsec shown under investments), with a total liquidity position of Rs. 7,400 Crores (including undrawn sanctioned lines). The ALM is comfortable with no negative cumulative mismatches across all time buckets.
The above information is provisional and subject to audit by Statutory auditors of the Company.
Shares of Cholamandalam Investment and Finance Company Limited was last trading in BSE at Rs. 686.95 as compared to the previous close of Rs. 703.10. The total number of shares traded during the day was 76339 in over 3420 trades.
The stock hit an intraday high of Rs. 706.90 and intraday low of 685.00. The net turnover during the day was Rs. 52997535.00.
