Murugappa group’s Cholamandalam Financial Holdings Ltd reported a 19% increase in consolidated net profit for the March quarter at ₹1,626 crore over the corresponding period last year, supported by strong growth in lending business and higher income across subsidiaries.
Total income rose 17% to ₹10,520 crore.
For the full year, consolidated total income increased to ₹39,576 crore from ₹33,460 crore, while net profit grew 16% to ₹5,485 crore.
The board recommended a final dividend of ₹1.30 per share.
Lending business remains key growth driver
Cholamandalam Investment and Finance Company Ltd (CIFCL), the group’s lending arm, disbursed ₹32,913 crore during the quarter compared with ₹26,417 crore in the year-ago period.
Net profit of CIFCL rose 30% to ₹1,641 crore, while assets under management expanded 21% to ₹2,42,630 crore.
Insurance arm posts loss
Cholamandalam MS General Insurance Company Ltd (CMSGICL) reported gross written premium of ₹2,398 crore against ₹2,224 crore in the corresponding quarter last year.
However, the company posted a loss of ₹5 crore against a profit of ₹118 crore a year ago due to fair value changes in equity investments as of March 2026.
CMSGICL’s investment book stood at ₹19,013 crore at the end of March 2026.
Risk Services net dips marginally
Meanwhile, Cholamandalam MS Risk Services Ltd reported total income of ₹29 crore against ₹25 crore, while net profit marginally declined to ₹3.55 crore from ₹3.63 crore.
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