Board Approves Interim Dividend of ₹1.30 Per Share
Chennai, January 31, 2025 – Cholamandalam Investment and Finance Company Limited (CIFCL) has announced strong financial results for Q3 FY25 and the nine-month period ending December 31, 2024. The Board of Directors has approved an interim dividend of ₹1.30 per equity share (65%) for the financial year ending March 31, 2025.
Loan Against Property: ₹4,205 Cr disbursed in Q3 FY25 (+23% YoY), ₹12,374 Cr YTD (+33% YoY).
Home Loans: ₹1,820 Cr disbursed in Q3 FY25 (+15% YoY), ₹5,421 Cr YTD (+17% YoY).
SME Loans: ₹1,911 Cr disbursed in Q3 FY25 (flat YoY), ₹6,029 Cr YTD (+1% YoY).
Consumer & Small Enterprise Loans: ₹3,149 Cr disbursed in Q3 FY25 (+14% YoY), ₹10,224 Cr YTD (+28% YoY).
Secured Business & Personal Loans: ₹331 Cr disbursed in Q3 FY25 (+18% YoY), ₹911 Cr YTD (+29% YoY).
Asset Quality & Risk Metrics
Gross Stage 3 Loans: 2.91% (vs. 2.83% in Q2 FY25).
Gross NPA (RBI norms): 4.00% (vs. 3.78% in Q2 FY25).
Net NPA (RBI norms): 2.66% (vs. 2.48% in Q2 FY25).
Provision Coverage Ratio: 44.10%.
Capital Adequacy Ratio:19.76% (Regulatory minimum: 15%).
Tier-I Capital:14.92%, with Common Equity Tier-I at 14.17%.
Liquidity Coverage Ratio:214.20% (vs. 152.68% in Q3 FY24).
Dividend & Strategic Announcements
Interim Dividend: ₹1.30 per share (65%) for FY25.
Record Date:February 7, 2025.
Payment Date: On or before February 28, 2025.
Outlook & Growth Strategy
CIFCL remains well-capitalized and continues to expand in vehicle finance, housing finance, and SME lending. With a strong liquidity buffer of ₹15,677 Cr, the company is positioned to support its growth ambitions while maintaining a prudent risk management approach.
Investor Takeaways
Consistent double-digit growth in disbursements and AUM.
Strong profitability metrics, with PAT up 24% YoY.
Prudent asset quality management, with a PCR of 44.10%.