Cholamandalam Financial Holdings Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported revenue was INR 81,801.5 million compared to INR 63,722.3 million a year ago. Net income was INR 5,255.4 million compared to INR 4,209 million a year ago. Basic earnings per share from continuing operations was INR 27.99 compared to INR 22.41 a year ago. Diluted earnings per share from continuing operations was INR 27.99 compared to INR 22.41 a year ago.
For the six months, revenue was INR 158,575.8 million compared to INR 120,868.2 million a year ago. Net income was INR 10,739 million compared to INR 7,923.3 million a year ago. Basic earnings per share from continuing operations was INR 57.19 compared to INR 42.2 a year ago. Diluted earnings per share from continuing operations was INR 57.19 compared to INR 42.2 a year ago.
Cholamandalam Financial Holdings Limited is a core investment company and all the activities of the Company revolve around the main business in India. The Company holds investments in the financial services/risk management companies, which include Cholamandalam Investment and Finance Company Limited (CIFCL), Cholamandalam MS General Insurance Company Limited (CMSGICL) and Cholamandalam MS Risk Services Limited (CMSRSL). CIFCL is a non-banking finance company engaged in lending business offering vehicle finance, home loans, loan against property, SME loans, secured business and personal loans, consumer & small enterprises loans and a variety of other financial services to customers. CMSGICL is engaged in general insurance business offering a range of insurance products that include motor, health, property, accident, engineering, liability, marine, travel and crop insurance for individuals and corporates. CMSRSL offers comprehensive risk management and engineering solutions.
