Cholamandalam Financial Holdings Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 04:24 am EST
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Cholamandalam Financial Holdings Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported revenue was INR 63,722.3 million compared to INR 43,553.3 million a year ago. Net income was INR 4,209 million compared to INR 2,828.9 million a year ago. Basic earnings per share from continuing operations was INR 22.41 compared to INR 15.07 a year ago. Diluted earnings per share from continuing operations was INR 22.41 compared to INR 15.07 a year ago.
For the six months, revenue was INR 120,868.2 million compared to INR 83,180.5 million a year ago. Net income was INR 7,923.3 million compared to INR 5,503.8 million a year ago. Basic earnings per share from continuing operations was INR 42.2 compared to INR 29.32 a year ago. Diluted earnings per share from continuing operations was INR 42.2 compared to INR 29.31 a year ago.
Cholamandalam Financial Holdings Limited is an India-based investment company, holding investments in its subsidiary / associate / joint venture and other group companies. It operates through two segments: Financing, and Insurance. The Company, through its subsidiaries, Cholamandalam Investment and Finance Company Limited (CIFCL), is engaged in non-banking financial business; Cholamandalam MS General Insurance Company Limited (CMSGICL), is engaged in general insurance business, and Cholamandalam MS Risk Services Limited (CMSRSL), is engaged in risk management and engineering solutions business. CIFCL is a financial service provider, which offers vehicle finance, home loans and loans against property to a range of its customers. CMSGICL offers a range of insurance, including motor, travel, health, accident, home, and other types of insurance for its customers. CMSRSL is engaged in providing risk management and engineering solutions in the field of safety, health, and environment.
CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED 
