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.