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Cholamandalam Investment and Finance Company Ltd Q4 consolidated PAT slides to Rs. 42.45 crore

Posted On: 2020-06-03 19:40:00


Cholamandalam Investment and Finance Company Ltd has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.2165.57 crores during the period ended March 31, 2020 as compared to Rs.2289.30 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.42.45 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.389.16 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.0.53 for the period ended March 31, 2020 as compared to Rs.4.97 for the period ended December 31, 2019.

FinancialsQ4 FY19-20Q3 FY19-20% Change
Total Income₹ 2165.57 crs₹ 2289.30 crsDown Tick -5.4%
Net Profit₹ 42.45 crs₹ 389.16 crsDown Tick -89.09%
EPS₹ 0.53₹ 4.97Down Tick -89.34%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.2165.57 crores during the period ended March 31, 2020 as compared to Rs.1902.56 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.42.45 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.298.07 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.0.53 for the period ended March 31, 2020 as compared to Rs.3.81 for the period ended March 31, 2019.

FinancialsQ4 FY19-20Q4 FY18-19% Change
Total Income₹ 2165.57 crs₹ 1902.56 crsUp Tick 13.82%
Net Profit₹ 42.45 crs₹ 298.07 crsDown Tick -85.76%
EPS₹ 0.53₹ 3.81Down Tick -86.09%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.8712.63 crores during the 12 months period ended March 31, 2020 as compared to Rs.7108.83 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.1053.72 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.1198.06 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.13.37 for the 12 months period ended March 31, 2020 as compared to Rs.15.30 for the 12 months period ended March 31, 2019.

FinancialsYear Ended FY19-20Year Ended FY18-19% Change
Total Income₹ 8712.63 crs₹ 7108.83 crsUp Tick 22.56%
Net Profit₹ 1053.72 crs₹ 1198.06 crsDown Tick -12.05%
EPS₹ 13.37₹15.30Down Tick -12.61%

Commenting on the results, Arun Alagappan, Managing Director, stated "Given the uncertainties in the market, the company was conservative with respect to creating contingency provisions towards COVID-19 and maintaining more than adequate cash reserves. As of Mar'20, while many in the industry were affected by the liquidity crunch due to Covid-19, Chola was strongly placed with sufficient liquidity to pass on the moratorium benefits to its customers, without having to avail any.

During this period, the company has fast-tracked implementation of key digital initiatives, which shall help us serve customers better in a post Covid-19 world. Some of the initiatives towards this endeavor include - End to end digital integration with auto OEMs, enhancing digital integration with channel partners, setting up alternate digital collection modes, evaluating options for remote investigation of field assets using video PD, instituting digital KYC process, etc., We strongly believe the company shall leverage these capabilities to the fullest in the coming quarters and emerge stronger".

Shares of Cholamandalam Investment and Finance Company Ltd was last trading in BSE at Rs.155.75 as compared to the previous close of Rs. 157.85. The total number of shares traded during the day was 551908 in over 9490 trades.

The stock hit an intraday high of Rs. 164 and intraday low of 154.4. The net turnover during the day was Rs. 88704358.


Source: Equity Bulls

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