Chola Finance: Growth prospects continue to strengthen

Company
09 Jul 2024
5 Min read 
  • Cholamandalam Investment and Finance (CIFC) is confident of sustaining AUM growth of 25-30% in FY25.
  •  CIFC's non-auto businesses are aligned to its collection-first strategy of vehicle finance.
  •  The company's distribution network for LAP and home loans has achieved ~50% penetration compared to its VF segment.
  •  CIFC is actively expanding its affordable housing franchise, focusing on self-employed customers in the affordable housing segment.
  •  CIFC's LAP portfolio has an average ticket size of INR5m, with the ATS at origination of ~ INR6m.
  •  CIFC is expecting a healthy trajectory overall and aims to deliver strong AUM growth with sustainable RoE of ~21-22% across economic cycles.
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