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Business EconomyPosted at: Nov 8 2024 6:11PM


CFHL announces Q2, H1 results

Chennai, Nov 8 (UNI) The Cholamandalam Financial Holdings Limited (CFHL)
on Friday said its consolidated PAT for H1 FY 25 stood at Rs 2,285 crore.
The Board of Directors of CFHL today approved the unaudited financial results
for the quarter and half year ended September 30, 2024.
According to a compay release said the Consolidated total income for the quarter
is Rs.8,180 crore as against Rs.6,372 crore in the corresponding quarter of the
previous year, registering a growth of 28%.
For the quarter ended, it achieved consolidated PAT of Rs.1,125 crore as against
Rs.888 crore in the corresponding quarter of the previous year, registering 27% growth.
Consolidated total income for the half year is Rs.15,858 crore as against Rs.12,087 crore
in the corresponding period previous year, registering a growth of 31%.
For the half year, the Company has achieved consolidated PAT of Rs.2,285 crore
as against Rs.1,680 crore in the corresponding period of the previous year, a growth
of 36%.
The Cholamandalam Investment and Finance Company Ltd (CIFCL), in which the
the company holds about 44.37% stake, disbursed Rs.24,314 crore in Q2 FY25
as against Rs.21,542 crore in Q2 FY24, registering a growth of 13%.
PAT for the quarter is Rs.963 crore compared to Rs.762 crore in the corresponding
quarter of the previous year, registering a growth of 26%.
PAT for the half year is Rs.1,905 crore compared to Rs.1,489 crore in the corresponding
period of the previous year, registering a growth of 28%.
Assets under management grew by 33% to Rs. 1,77,426 crore as compared to
Rs.1,33,775 crore.
Cholamandalam MS General Insurance Company Ltd., (CMSGICL) a subsidiary in general
insurance business, in which the Company holds about 60% stake, registered a Gross Written
Premium (GWP) of Rs. 2,209 crore in Q2 as against Rs. 1,984 crore in the corresponding
period of the previous year, registering a growth of 11%.
PAT (under Ind AS) is Rs.153 crore as against Rs.111 crore in the corresponding quarter of
the previous year, registering a growth of 37%.
CMSGICL registered a Gross Written Premium (GWP) of Rs. 4,166 crore for the half year
as against Rs. 3,715 crore in the corresponding period of the previous year, registering a
growth of 12%.
PAT (under Ind AS) for the half year is Rs.364 crore as against Rs.192 crore in the
corresponding period of the previous year, registering a growth of 89%. The increase
in PAT for the half year is on account of higher investment income including realised
and unrealised gain on equity and debt instruments of Rs.147 crores and recognition
of interest on Income tax refund of Rs. 23 crores.
CMSGICL has an investment book of Rs.17,332 crores as of September 30, 2024.
Cholamandalam MS Risk Services Ltd., a Joint Venture Company, in which the company
holds 49.5% stake, registered total income of Rs. 20.66 crore for the quarter as against
Rs.17.55 crore in the corresponding quarter of the previous year.
PAT for the quarter is Rs.1.49 crore as against Rs.0.84 crore in the corresponding period
of the previous year.
The total income for the half year is Rs.36.95 crore as against Rs.32.83 crore in the
corresponding period of the previous year.
PAT for the half year is Rs.1.61 crore as against Rs.1.09 crore in the corresponding
period of the previous year.
On Standalone Results, the total income of the company for the quarter is Rs.29.13 crore
as against Rs.29.04 crore in the corresponding quarter of the previous year.
PAT is Rs.23.52 crore as against Rs.23.19 crore in the corresponding quarter of the previous
year.
The total income of the company for the half year is Rs.31.71 crore as against Rs.31.62 crore
in the corresponding period of the previous year.
PAT for the half year is Rs.24.91 crore as against Rs.23.96 crore in the corresponding period
of the previous year.
UNI GV 1810
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Tags: #CFHL announces Q2# H1 results
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