Cholamandalam Investment & Finance Company Q2 Results Live : Cholamandalam Investment & Finance Company declared their Q2 results on 25 Oct, 2024, showcasing a remarkable growth trajectory. The company’s topline revenue surged by 35.31% year-on-year, while profits experienced a substantial increase of 25.22% compared to the same period last year.
In comparison to the previous quarter, Cholamandalam reported a revenue growth of 7.43% and a profit increase of 2.18%, indicating a steady performance amidst market fluctuations.
However, the company’s selling, general and administrative expenses rose significantly, climbing 16.21% quarter-on-quarter and 26.5% year-on-year, prompting analysts to closely monitor cost management strategies.
Operating income saw a slight decline of 0.52% quarter-on-quarter, although it rose by 24.24% year-on-year, reflecting the company’s ability to maintain operational efficiency amid rising expenses.
Earnings per share (EPS) for Q2 stood at ₹16.98, marking a 31.59% year-on-year increase, a positive indicator for investors looking for consistent returns.
Over the last week, the company has delivered a -4.83% return, but investors have seen a more favorable 19.98% return over the past six months and a 10.03% return year-to-date.
Cholamandalam Investment & Finance Company currently boasts a market capitalization of ₹116497.9 Cr, with a 52-week high of ₹1652 and a low of ₹1011.2, showcasing its volatility in the stock market.
As of 26 Oct, 2024, a consensus of 33 analysts covering the company provided a mixed outlook: 4 analysts rated it as a ‘Sell’, another 4 as ‘Hold’, while 14 analysts recommended a ‘Buy’ and 11 analysts expressed a ‘Strong Buy’ rating.
The overall consensus recommendation remains a ‘Buy’ as of 26 Oct, 2024, indicating a general optimism among analysts regarding the company’s future performance.
Cholamandalam Investment & Finance Company Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 6209.6 | 5779.89 | +7.43% | 4589.12 | +35.31% |
| Selling/ General/ Admin Expenses Total | 806.39 | 693.88 | +16.21% | 637.44 | +26.5% |
| Depreciation/ Amortization | 62.63 | 58.96 | +6.22% | 38.51 | +62.63% |
| Total Operating Expense | 5018.13 | 4582.22 | +9.51% | 3630.12 | +38.24% |
| Operating Income | 1191.47 | 1197.67 | -0.52% | 959 | +24.24% |
| Net Income Before Taxes | 1304.21 | 1274.53 | +2.33% | 1065.04 | +22.46% |
| Net Income | 967.8 | 947.15 | +2.18% | 772.87 | +25.22% |
| Diluted Normalized EPS | 16.98 | 16.41 | +3.47% | 12.9 | +31.59% |
