- Cholamandalam has reported a net income of 12.7 billion rupees, marking a substantial 20% increase from last year, surpassing the estimated 11.85 billion rupees.
- The company achieved revenue of 70.3 billion rupees, a significant 30% rise year-over-year, greatly exceeding the estimated 36.4 billion rupees.
- Total costs surged by 33% to 54.1 billion rupees.
- Other income slightly decreased by 8% to 956.4 million rupees, yet still outperformed the estimate of 939 million rupees.
- Gross non-performing assets slightly improved to 3.97% compared to the previous quarter’s 4%.
- The Stage 3 ratio experienced a minor improvement, reducing to 2.81% from 2.91% quarter-over-quarter.
- Capital adequacy ratio remained stable at 19.8% compared with the previous quarter.
- A dividend of 0.7 rupees per share was declared.
- The company plans to launch a Gold Loan Business in select regions.
- Analyst ratings on the stock include 28 buys, 8 holds, and 4 sells.
A look at Cholamandalam Investment and Finance Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have provided an overall outlook for Cholamandalam Investment and Finance Company Limited using Smart Scores, which rate different aspects of the company’s performance. Cholamandalam Investment and Finance received varying scores across key factors such as Value, Dividend, Growth, Resilience, and Momentum. With a focus on long-term prospects, the company has shown positive signs, particularly in areas such as Growth and Momentum, which scored 4 and 5, respectively. These scores indicate a strong potential for growth and positive market momentum in the future.
Cholamandalam Investment and Finance operates as a financial services provider, offering a range of services including vehicle finance, home equity loans, and investment advisory. The company’s overall Smart Scores suggest a favorable outlook, with notable strengths in Growth and Momentum, which bode well for its future performance and market positioning. While Value and Dividend scores are moderate, the company’s resilience is rated at 3, indicating a certain level of stability in the face of market fluctuations.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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