July 13, 2024

Cholamandalam Funding and Finance Firm on January 25 reported a 28.04 % rise in its standalone internet revenue at Rs 876.16 crore within the third quarter of the monetary 12 months 2023-24.

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

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

Web NPA stood at 2.56 %, in opposition to 2.59 % within the earlier quarter and three.76 % final 12 months.

Mixture disbursements in Q3FY24 have been at Rs 22,383 crore as in opposition to Rs 17,559 crore in Q3FY23 with a progress of 27 %. Disbursements for year-to-date (YTD) December 2023 have been at Rs 63,940 crore as in opposition to Rs 45,512 crore within the earlier 12 months, registering a progress of 40 % on-year.

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

Client and Small Enterprise Loans (CSEL) disbursed Rs  2,773 crore in Q3FY24, as in opposition to Rs 1,868 crore in Q3FY23 registering a progress of 48 %.

Property below 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 % 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 % as in opposition to the regulatory requirement of 15 %. Tier-I Capital was at 15.55 % and Tier-II Capital was at 3.82 %.

The Board of Administrators of the Firm authorized the cost of Interim dividend of 65 % being Rs 1.3 per share on the fairness shares of the Firm, for the 12 months ending March 31, 2024, launch mentioned.