Q1 2025 Cholamandalam Investment and Finance Company Ltd Earnings Call Transcript
Key Points
- Disbursements increased by 22% year-on-year to Rs24,332 crores.
- Assets Under Management (AUM) grew by 38% year-on-year to Rs1,68,832 crores.
- Net income for the quarter rose by 43% year-on-year to Rs3,033 crores.
- The company maintains a strong liquidity position with Rs14,324 crores in cash balance.
- Capital adequacy ratio stands at 18.03%, well above the regulatory requirement of 15%.
- Gross Non-Performing Assets (GNPA) percentage increased to 3.62% from 3.54% in the previous quarter.
- Net Non-Performing Assets (NNPA) percentage also increased to 2.37% from 2.32%.
- Provision Coverage Ratio (PCR) in LAP and SME segments has been reduced, raising concerns about potential delinquencies.
- Operating expenses remain high due to ongoing branch expansions and manpower increases.
- Credit costs have increased quarter-on-quarter, impacting profitability.
Ladies and gentlemen, good day, and welcome to the Jonah Mandela. And can you be Limited Q1 FY 25 earnings conference call hosted by Kotak Securities. As a reminder, all participant lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing then zero on your touchtone phone. Please note that this conference is being recorded and the conference over to Mr. Nish. Thank you, and over to you, sir.
Good morning, everyone. Welcome to the earnings conference call of two element Investment and Finance Company Limited to discuss 1Q FIFY. 25 performance and share business updates.
We have with us.
The senior management today of the senior management is represented by Mr. Vellayan Subbiah, Chairman and Non-Executive Director, Mr. Ravindra Kundu, Managing Director, and Mr. Arul Selva, President and CFO.
Let me start by first of all,
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