Cholamandalam Investment and Finance Company Limited has informed the Exchange about Issue of secured and/or unsecured non-convertible debentures (NCDs) aggregating to Rs. 55,000 crores in one or more tranches. The details as required under Para A of Part A of Schedule III of SEBI Listing Regulations, will be provided, at the time of issuance/allotment of securities.
CHOLAFIN · price
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On the reaction day the stock moved 2.6 pts less than Nifty 100 and 2.6 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Cholamandalam Investment and Finance Company (Chola Finance) reported strong Q1 FY26 results with standalone profit after tax of Rs. 1,135.91 crore, up about 21% year-on-year from Rs. 942.23 crore in Q1 FY25. Total income rose to Rs. 7,330.78 crore from Rs. 5,828.97 crore, while EPS grew to Rs. 13.51 from Rs. 11.22. Assets under management stood at Rs. 2,07,663 crore, up 23% year-on-year, with vehicle finance disbursements at Rs. 13,647 crore and loan-against-property at Rs. 4,705 crore (up 21%). The board also approved raising up to Rs. 55,000 crore through secured or unsecured non-convertible debentures in one or more tranches. Asset quality showed slight stress with gross stage-3 assets rising to 3.16% from 2.81%, while capital adequacy remained comfortable at 19.96%.
Strong Q1 performance with healthy AUM growth and steady profitability is positive for shareholders. The Rs. 55,000 crore NCD approval gives the company significant headroom to fund future loan growth, but the gradual rise in NPAs warrants monitoring. The NCD plan is a routine borrowing approval and does not dilute equity holders.