April 19, 2024

Cholamandalam Funding and Finance Firm on January 25 reported a 28.04 p.c rise in its standalone web revenue at Rs 876.16 crore within the third quarter of the monetary yr 2023-24.

On sequential foundation, web revenue was up 14.9 p.c. This was on the again of higher asset high quality and enhance in disbursements.

Story continues beneath Commercial

The gross non-performing belongings (NPA) of the lender stood at 3.92 p.c towards 4.07 p.c in 1 / 4 in the past interval and 5.37 p.c within the year-ago interval.

Web NPA stood at 2.56 p.c, towards 2.59 p.c within the earlier quarter and three.76 p.c final yr.

Mixture disbursements in Q3FY24 have been at Rs 22,383 crore as towards Rs 17,559 crore in Q3FY23 with a progress of 27 p.c. Disbursements for year-to-date (YTD) December 2023 have been at Rs 63,940 crore as towards Rs 45,512 crore within the earlier yr, registering a progress of 40 p.c on-year.

Automobile Finance (VF) disbursements have been at Rs 12,354 crore in Q3FY24 as towards Rs 10,446 crore in Q3FY23, registering a progress of 18 p.c.

Shopper and Small Enterprise Loans (CSEL) disbursed Rs  2,773 crore in Q3FY24, as towards Rs 1,868 crore in Q3FY23 registering a progress of 48 p.c.

Belongings beneath administration as of December 31, 2023, stood at Rs 1.4 lakh crore as in comparison with Rs 1.04 lakh crore as of December 31, 2023, clocking a progress of 36 p.c on-year.

Story continues beneath Commercial

Story continues beneath Commercial

The Capital Adequacy Ratio (CAR) of the corporate as of December 31, 2023, was at 19.37 p.c as towards the regulatory requirement of 15 p.c. Tier-I Capital was at 15.55 p.c and Tier-II Capital was at 3.82 p.c.

The Board of Administrators of the Firm authorised the fee of Interim dividend of 65 p.c being Rs 1.3 per share on the fairness shares of the Firm, for the yr ending March 31, 2024, launch stated.