Cholamandalam Finance FY25 earnings rise, AUM up 30%

Cholamandalam Investment and Finance Company (CHOLAFIN) reported a robust financial performance for the year ended March 31, 2025, with Assets Under Management (AUM) surging 30% to INR1,99,876 crore. The company's net income rose by 36% year-on-year to INR13,570 crore, while Profit After Tax (PAT) increased by 24% to INR4,259 crore. Disbursements for the year reached INR1,00,869 crore, a 14% increase. Vehicle finance disbursements grew 12% to INR53,922 crore, while loan against property (LAP) disbursements soared 32% to INR17,913 crore. Home loan disbursements also increased 16% to INR7,404 crore. The company expects overall AUM growth in the 20-25% range for the upcoming year. Gross Stage 3 assets decreased to 2.81%, with Net NPA at 2.63%. The board recommended a final dividend of INR0.70 per share. The company announced a foray into the gold loan business in select geographies.