Cholamandalam Investment's Stellar Growth: A 31% Surge in Profit

Cholamandalam Investment and Finance Company, a financial subsidiary of the Murugappa Group, has displayed robust financial growth for the fourth quarter ending March 2026. The company reported a 31% increase in its consolidated net profit, reaching Rs 1,645 crore compared to Rs 1,260 crore for the same quarter last year.

Alongside an impressive rise in profit, Cholamandalam's total income surged to Rs 8,564 crore in the March quarter from Rs 7,137 crore a year earlier, owing primarily to a significant boost in interest income which totaled Rs 7,613 crore. However, operational expenses also marked an uptick to Rs 6,422 crore from the previous year's Rs 5,439 crore.

For the fiscal year ending March 2026, the company's annual net profit saw a 23% jump to Rs 5,233 crore. Total income for the year increased to Rs 31,539 crore. The board has proposed a final dividend of Re 0.70 per equity share, subject to shareholder approval.

(With inputs from agencies.)