Cholamandalam Investment & Finance Company Ltd (CHOLAFIN)

KR Choksey Recommends Buying Shares of Cholamandalam Investment & Finance Company - 15 May, 2024

Cholamandalam Investment & Finance Company's Q4FY24 performance shows robust growth in net interest income and profit after tax, leading to a recommendation by KR Choksey to buy shares with a target price of INR 1,455/share.

Cholamandalam Financial Reports Strong Growth in Revenue and Profit - 12 May, 2024

Cholamandalam Financial Holdings reported strong growth in revenue and profit for both Q4 and FY2024. However, the company's revenue is expected to decline over the next three years. The stock has dropped by 6.3% in a week.

Cholamandalam Financial Holdings Reports Strong Growth - 10 May, 2024

Cholamandalam Financial Holdings reported strong growth in its consolidated net profits and total income for the year ending March 31, 2024. Its subsidiary, Cholamandalam Investment & Finance Co. Ltd., also saw an increase in net profit and assets under management.

Cholamandalam Investment & Finance Reports Surge in Demand for Vehicle Financing - 09 May, 2024

Cholamandalam Investment & Finance Company Limited reported a 22% YoY growth in vehicle financing disbursements, driven by rising sales of entry-level cars in rural markets. The company management expects margins to return to pre-pandemic levels despite an anticipated marginal rise in the cost of funds.

Cholamandalam Investment & Finance Reports Strong Q4 Results - 06 May, 2024

Cholamandalam Investment & Finance reported a strong Q4FY24 performance with a 41% growth in net income and a 24% growth in PAT YoY. The stock surged over 10%, hitting a 52-week high on May 3, 2024.

Cholamandalam Investment & Finance Reports Strong Q4 Results - 03 May, 2024

Cholamandalam Investment & Finance reports strong Q4 results with net profit rising 24.56% YoY. Sharekhan and Anand Rathi recommend buying the stock with target prices of Rs. 1500 and Rs. 1525 respectively. The stock also saw a surge in volume and increase in value.

Cholamandalam Investment & Finance Reports Strong Financial Results - 02 May, 2024

Cholamandalam Investment & Finance Company Ltd reported strong financial results for FY24, with revenue and net income up by 41% and 28%, respectively. The company's Q4FY24 net profit rose by 25% YoY, leading to a surge in share prices by over 5%. Additionally, the stock recorded high trading volumes on NSE.

Cholamandalam Investment & Finance Q4 Net Profit Rises 24% - 01 May, 2024

Cholamandalam Investment & Finance Company reported a 24% YoY rise in net profit for Q4, driven by growth in assets under management. Business assets rose 37% YoY to Rs 1.5 trillion as on March 31, with vehicle loans and loan against property comprising 79% of overall business assets. Disbursement rose 18% YoY to Rs 24,784 crore in the quarter. Gross stage 3 asset ratio improved to 2.48% from 3.01% a year ago.

Cholamandalam Investment Reports Strong Q4 Results - 30 Apr, 2024

Cholamandalam Investment and Finance Company reported a 24.5% YoY increase in net profit to Rs 1,065 crore for the March quarter due to growth in core business. The company's total income increased by 43% YoY to Rs 5,499 crore while interest income grew by 41%. The board recommended a final dividend of 70 paise per share. The stock closed at Rs 1194 on BSE, up by 1.97% from the previous day's close.

Cholamandalam Investment & Finance Company Ltd's P/E Ratio Worth a Mention - 19 Apr, 2024

Cholamandalam Investment & Finance Company Ltd has a P/E ratio of 29.3x, lower than the median P/E in India at about 31x. The company grew earnings per share by an impressive 28% last year and EPS is anticipated to climb by 25% per annum during the coming three years according to analysts. However, some shareholders are skeptical of the forecasts due to unobserved threats to earnings.

Cholamandalam Investment & Finance Company Ltd. Stock Trades Up - 18 Apr, 2024

Shares of Cholamandalam Investment & Finance Company Ltd. traded 0.24% up at Rs 1132.0 on Thursday. The company reported consolidated sales of Rs 5054.76 crore, up 7.66% from the previous quarter and net profit of Rs 872.02 crore for the latest quarter. MACD signalled a bearish bias.