Chola Financial Holdings posts 6% rise in Q3 profit after tax

CHENNAI: Cholamandalam Financial Holdings’ consolidated profit after tax (PAT) increased 6% to Rs 1,093 crore in the December quarter, against Rs 1,207 crore last year.

Consolidated total income for the quarter stood at Rs 8,593 crore, registering 26% growth on a yearly basis (YoY) as against Rs 6,842 crore.

For the nine-month period ending December, consolidated income witnessed 29% growth and consolidated PAT registered a growth of 25% YoY and stood at Rs 3,378 crore.

Cholamandalam Investment and Finance Company (CIFCL), in which the company holds about 44.35% stake, disbursed Rs 25,806 crore in Q3, up 15%. Its PAT stood at Rs 1,087 crore, up 24% compared to the corresponding period last year and assets under management (AUM) grew by 34% to Rs 1,89,141 crore as on Dec 31 2024.

Cholamandalam MS General Insurance Company (CMSGICL) a subsidiary, registered a gross written premium (GWP) of Rs 6,340 Cr for the nine months period of FY25 witnessing 14% increase. Cholamandalam MS Risk Services, registered Rs 1.82 crore as against Rs 1.24 crore last year.