Moderation in loan growth ahead; vehicle demand weak

Company
30 Oct 2024
5 Min read 
  • Cholamandalam Inv. & Finance (CIFC) shares details and financials.
  •  2QFY25 PAT grew ~28% YoY to INR9.7b.
  •  NII in 2QFY25 grew ~35% YoY to ~INR27.1b.
  •  Disbursements flat QoQ; business AUM up ~33% YoY.
  •  Asset quality deteriorated due to extended monsoons and unseasonal rainfall.
  •  Management guided for credit costs to remain at current levels in 3Q and then moderate in 4QFY25.
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