KRChoksey: Cholamandalam Investment Q2 Review - Provisions High But Operating Profit Healthy 
A customer counts Indian one-hundred rupee banknotes. (Photographer: Dhiraj Singh/Bloomberg)

KRChoksey: Cholamandalam Investment Q2 Review - Provisions High But Operating Profit Healthy 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChoksey Report

Cholamandalam Investment and Finance Company Ltd.’s net interest income grew 35% YoY as their net interest margins improved.

Asset under management grew 16% YoY to Rs 74,471 crore. Cost to income fell on account of robust other incomes and savings in opex aiding pro-provision operating profit growth of 46% YoY.

Profit after tax remained flat QoQ as the provisions rose materially. Return on equity for H1 FY21 was at 20.0 % as against 19.2% in H1 FY20.

Click on the attachment to read the full report:

KRChoksey Cholamandalam Investment Finance Q2FY21 Result Update.pdf

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