Cholamandalam Investment and Finance Company Limited post Q2 results

Cholamandalam Investment and Finance Company Limited post Q2 results

Chennai, 3rd November 2023: : The Board of Directors of CIFCL today approved the unaudited financial results for the quarter and half year ended 30th September 2023.

Highlights:

Growth in Disbursements and AUM for Chola was robust in Q2, due to all round growth in demand.

  • Pickup in replacement demand from end user segments in the auto sector supported growth for Vehicle Finance.
  • Loan Against Property business witnessed a healthy revival due to growth in demand from SME segments
  • Home loans continued to register above-average growth due to revival in earnings of Self-employed non-professionals.
  • The new segments of SME, CSEL, and SBPL also continued to register growth though on a smaller base.

Rabindra

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