Cholamandalam Investment and Finance Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
February 02, 2022 at 05:03 am EST
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Cholamandalam Investment and Finance Company Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported revenue was INR 25,574.6 million compared to INR 25,204.8 million a year ago. Net income was INR 5,277.1 million compared to INR 4,097.9 million a year ago. Basic earnings per share from continuing operations was INR 6.43 compared to INR 5 a year ago. Diluted earnings per share from continuing operations was INR 6.42 compared to INR 5 a year ago.
For the nine months, revenue was INR 75,360.8 million compared to INR 71,039.8 million a year ago. Net income was INR 14,667.7 million compared to INR 12,757.3 million a year ago. Basic earnings per share from continuing operations was INR 17.88 compared to INR 15.56 a year ago. Diluted earnings per share from continuing operations was INR 17.85 compared to INR 15.55 a year ago.
Cholamandalam Investment and Finance Company Limited is an India-based equipment financing company. The Company offers vehicle finance, home loans, loans against property, small and medium enterprises (SME) loans, consumer and small enterprise loans, secured business and personal loans, insurance agency, mutual fund distribution and a variety of other financial services to customers. Its segments include Vehicle Finance, Loan against property, Home Loans and Other loans. The Vehicle Finance Loans segment provides loans to customers against the purchase of new/used vehicles, tractors, construction equipment and loans to automobile dealers. Loan against property segment provides loans to customers against immovable property. The Home Loans segment provides loans for the acquisition of residential property. Its Other loans segment offers loans against shares and other unsecured loans. Its subsidiaries include Cholamandalam Securities Limited and Cholamandalam Home Finance Limited.