Cholamandalam Investment and Finance Company Limited — Q1FY27 earnings call summary

Filed 28 July 2026 · Company audio recording

New businesses (consumer & small enterprise loans, secured personal loans, SME loans) disbursed ₹1,515 cr in Q4; expected to scale with expanded branch coverage.
Maintain net NPA target below 4% under revised RBI norms for FY23.
Industry CV growth strong in April 2022 (+66%); expect better AUM growth if sustained.
Elevated credit costs with write-offs at ₹380 cr in Q4; management overlay provisions reduced but ₹500 cr retained for contingencies.
NIM around 7.5%+; slight QoQ decline due to higher LAP share (lower yield) and ₹50 cr interest reversal on write-offs.
Q4 disbursements up 58% YoY to ₹12,718 cr; FY22 up 36% to ₹35,490 cr; AUM grew 8% YoY to ₹82,904 cr.
PBTROA at 4.8% in Q4 and 3.9% for FY22; ROE improved to 24.6% from 10.4% YoY.
OPEX elevated due to higher disbursements, investments in new businesses, and increased manpower (+7,500-8,000 employees added in last year).