Business

Chola Investment and Finance Company Announces a 24% Surge in Q3 Profits for FY25

Chola Investment and Finance Company Q3 FY25 Financial Highlights

Cholamandalam Investment and Finance Company, a leading financial services arm of the Murugappa Group, has reported a significant 24% increase in its profit after tax (PAT) for the third quarter of FY25, reaching Rs 1,087 crore compared to Rs 876 crore in the same quarter last year.

The company's aggregate disbursements for Q3 FY25 stood at Rs 25,806 crore, marking a 15% increase from Rs 22,383 crore in the previous year's corresponding quarter.

Disbursement Details Across Segments

Vehicle finance disbursements were recorded at Rs 14,390 crore, while loan against property (LAP) business disbursements reached Rs 4,205 crore. Home loan disbursements also saw a 15% growth, amounting to Rs 1,820 crore in Q3 FY25, up from Rs 1,587 crore in the year-ago quarter.

As of December 31, 2024, the company's assets under management (AUM) were reported at Rs 1,89,141 crore, showcasing the firm's robust financial health and operational efficiency.

Chola reports 24% growth in Q3 profit after tax