FY18: Disbursements grew by 35% and PAT grew by 36% over FY17
Q4: Disbursements grew by 54% and PAT grew by 33% over Q4 FY17
Chennai, April 25, 2018: The Board of Directors of Cholamandalam Investment and Finance Company Limited today approved its audited financial results for the quarter and for the year ended 31st March 2018.
Highlights:
Q4 Performance:
Rs in Cr.
| Disbursements | Q4 | Q4 | Growth | |
| FY 18 | FY 17 | (YoY) | ||
| Vehicle Finance | 6,820 | 4,407 | 54.8% | |
| Home Equity | 806 | 544 | 48.1% | |
| Others | 381 | 262 | 45.6% | |
| Total | 8,007 | 5,213 | 53.6% |
| Q4 | Q4 | Growth | |
| FY 18 | FY 17 | (YoY) | |
| Total Income | 1,511.60 | 1,213.43 | 24.6% |
| PAT | 291.09 | 219.55 | 32.6% |
| EPS – In Rs | 18.6 | 14.1 | 32.5% |
| ROTA – PBT* | 5.0% | 4.7% | |
| ROE – In % | 23.6% | 21.2% |
*As % of average assets
Disbursements grew by 54% PAT grew by 33% ROTA – PBT improved to 5%
- Aggregate disbursements for the quarter were at ₹ 8,007 Cr as against ₹ 5,213 Cr in Q4 of FY17, registering a growth of 54%, riding on the growth in CV industry.
- Vehicle Finance business disbursed ₹ 6,820 Crs as against ₹ 4,407 Cr. in Q4 of FY17 clocking a growth of 55% YoY. HCV and LCV continued to show strong growth, complemented by Used vehicles. The Vehicle finance business has recorded the highest disbursement volume during the quarter.
- Home Equity business disbursed ₹ 806 Crs as against ₹ 544 Crs in Q4 FY 17, registering a growth of 48% YoY, getting back to normalcy.
- Assets under management grew by 25% at Rs 42,879 Crores compared to the last financial year, which stood at Rs 34,167 Crores
- The PBT-ROTA for Q4 FY18 improved to 5.0% as against 4.7% in Q4 FY17.
FY17-18 Performance:
| Disbursements | FY 18 | FY 17 | Growth | |
| (YoY) | ||||
| Vehicle Finance | 20,540 | 14,471 | 41.9% | |
| Home Equity | 3,174 | 3,056 | 3.9% | |
| Others | 1,399 | 1,064 | 31.5% | |
| Total | 25,114 | 18,591 | 35.1% |
| Rs in Cr. | |||
| FY 18 | FY 17 | Growth | |
| YoY | |||
| Total Income | 5,425.77 | 4,660.35 | 16.4% |
| PAT | 974.12 | 718.74 | 35.5% |
| EPS – In Rs | 62.3 | 46.0 | 35.4% |
| ROTA – PBT* | 4.6% | 3.9% | |
| ROE – In % | 20.8% | 18.1% |
*As a % of average assets
Disbursements up by 35% PAT grew by 36% ROTA – PBT improved to 4.6%
- Aggregate disbursements for the year are closed at ₹ 25,114 Cr with a growth of 35%, led by stellar performance in Vehicle Finance business division, registering a 42% growth over FY17.
- The PBT-ROTA for FY18 improved to 4.6% as against 3.9% in FY17 due to better product mix and reduction of net credit losses and lower cost of funds.
GNPA, NNPA and Provision Coverage Ratio
| VF | HE | Overall | |||||||
| Particulars | GNPA | NNPA | PCR | GNPA | NNPA | PCR | GNPA | NNPA | PCR |
| Mar-17 | 4.18% | 2.82% | 32.72% | 5.77% | 4.04% | 30.00% | 4.66% | 3.19% | 31.64% |
| Mar-18 | 2.04% | 1.13% | 44.47% | 5.36% | 3.21% | 40.20% | 2.94% | 1.66% | 43.48% |
Capital Adequacy:
The Capital Adequacy Ratio (CAR) of the company as on 31st March 2018, was at 18.4% (Tier I – 13.3% and Tier II -5.1%) as against the regulatory requirement of 15%.
Final Dividend:
The Board of Directors of the Company declared a Final dividend of 20% being ₹ 2 per share on the equity shares of the Company, for the year ending March 31, 2018. The overall dividend declared for the year ended March 31, 2018 is ₹ 6.5 per share on the equity share which is 65%.
Subsidiaries Performance:
The subsidiaries Cholamandalam Securities Limited (CSEC), Cholamandalam Distribution Services Limited (CDSL) and White Data System India Private Limited (WDSI) together made a profit after tax of ₹ 3.60 Cr in Q4 FY18, as against ₹ 0.97 Cr in the same quarter last year. On a full year basis, the subsidiaries made a profit after tax of ₹ 5.22 Cr, as against Rs. 4.18 Cr in FY17.
Consolidated Results:
The consolidated profit after tax for Q4 FY18 is ₹ 290.13 Cr. as against ₹ 220.53 Cr. in Q4 of FY17, registering a growth of 32%.
Corporate Comm India(CCI Newswire)
