Cholamandalam Investment and Finance Company reported a 41% rise in consolidated second-quarter profit while its board approved a qualified institutional placement proposal of up to Rs 5,000 crore, subject to shareholder and other approvals.
The audited consolidated results showed net profit of Rs 1,630.34 crore for the quarter ended Sept. 30, 2026, compared with Rs 1,159.61 crore in the same quarter a year earlier. The company’s investor presentation described the increase as 41% year over year.
Consolidated total income reached Rs 9,394.51 crore, including Rs 8,513.18 crore in interest income. Separately, standalone total income was Rs 9,366.88 crore and standalone net profit was Rs 1,630.07 crore. These standalone results are separate from the consolidated figures.
Under the proposed QIP, the company may issue equity shares, securities convertible into equity, or both, to qualified institutional buyers through one or more tranches. The board set a maximum amount of Rs 5,000 crore. The company is seeking shareholder approval by postal ballot.
On an earnings call, management said the proposed raise would strengthen the company’s capital base and give it flexibility to support future growth. The board’s proposal remains subject to other required approvals.
The company reported Gross Stage 3 assets at 3.25% as of Sept. 30, 2026. The earnings-call transcript put the measure at 3.29% in June. The company’s investor presentation reports Gross Stage 3 separately from the nonperforming asset ratios under revised Reserve Bank of India norms: gross nonperforming assets were 4.44% and net nonperforming assets were 2.92%.
The company’s investor presentation also reported a capital adequacy ratio of 20.62% as of Sept. 30, 2026. The audited results provide the consolidated income and profit figures, while the investor presentation gives the asset-quality and capital ratios.
