CHOLAHLDNGCholamandalam Financial Holdings Ltd.
Cholamandalam Financial Holdings Q2 FY27 Results: Consolidated Net Profit ₹1,520 Crore on Total Income of ₹11,388 Crore
- Earnings
- financial holding company
Reviewed byRachit TripathiBlacklitt Research
Cholamandalam Financial Holdings (NSE: CHOLAHLDNG) reported consolidated total income of ₹11,388.41 crore and consolidated net profit of ₹1,520.11 crore for the quarter ended 30 Sep 2026, it said in a filing on 06 Nov 2026. Standalone total income was ₹31.00 crore and standalone net profit ₹27.89 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹11,388.41 crore, up 18.9% YoY and 1.8% QoQ
- Net profit and EPS: ₹1,520.11 crore, up 25.2% YoY and down 15.0% QoQ; basic EPS ₹34.22
- Profit attributable to owners: ₹642.57 crore against ₹549.92 crore a year earlier
- Finance costs: ₹4,334.43 crore, up 23.2% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹31.00 crore, up 3.1% YoY and 611.0% QoQ
- Net profit and EPS: ₹27.89 crore, up 2.7% YoY; basic EPS ₹1.49
- Dividend income: ₹26.60 crore against ₹26.40 crore a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 11,388.41 | 9,578.02 | +18.9% | 11,183.34 | +1.8% | |
| Revenue from operations | 11,264.41 | 9,450.23 | +19.2% | 11,082.59 | +1.6% |
| Other income | 124.00 | 127.79 | -3.0% | 100.75 | +23.1% |
| 1,520.11 | 1,214.27 | +25.2% | 1,788.99 | -15.0% | |
| Profit before tax | 2,031.38 | 1,631.76 | +24.5% | 2,400.13 | -15.4% |
| Finance costs | 4,334.43 | 3,517.75 | +23.2% | 4,007.25 | +8.2% |
| Depreciation | 98.60 | 82.55 | +19.4% | 87.42 | +12.8% |
| Tax expense | 511.27 | 417.43 | +22.5% | 611.14 | -16.3% |
| Net profit margin | 13.35% | 12.68% | +0.67 pp | 16.00% | -2.65 pp |
| EPS, basic (₹) | 34.22 | 29.28 | +16.9% | 42.11 | -18.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit grew faster than total income over the year: profit rose 25.2% against 18.9% for total income. Other income of ₹124.00 crore is 1.1% of total income and 6.1% of profit before tax.
Finance costs of ₹4,334.43 crore are 38.1% of total income this quarter, up 23.2% from ₹3,517.75 crore a year earlier and up 8.2% from the prior quarter. Depreciation rose 19.4% YoY to ₹98.60 crore. The filing does not give a reason for the rise in finance costs.
Against the prior quarter, net profit fell 15.0% while total income rose 1.8%.
The company says, in its press release, that CIFCL, in which it holds about 43.48%, disbursed ₹35,872 crore in Q2 FY27 against ₹24,442 crore in Q2 FY26, and that assets under management grew 23% to ₹2,68,009 crore.
The company says CMSGICL, in which it holds about 60%, recorded a post-tax loss of ₹120 crore this quarter against a profit of ₹46 crore a year earlier, and attributes the decline to NATCAT events in H1 FY27 and elevated claim experience in the Motor OD segment. The filing does not say when recovery is expected.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 31.00 | 30.07 | +3.1% | 4.36 | +611.0% | |
| Revenue from operations | 31.00 | 30.07 | +3.1% | 4.36 | +611.0% |
| 27.89 | 27.16 | +2.7% | 4.38 | +536.8% | |
| Profit before tax | 30.18 | 29.29 | +3.0% | 3.51 | +759.8% |
| Tax expense | 2.29 | 2.13 | +7.5% | -0.87 | n/a |
| Net profit margin | 89.97% | 90.32% | -0.35 pp | 100.46% | -10.49 pp |
| EPS, basic (₹) | 1.49 | 1.45 | +2.8% | 0.23 | +547.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone income is almost entirely dividend and service income: the statement shows ₹26.60 crore of dividend income and ₹5.00 crore of service income in the quarter, against ₹26.40 crore of dividend income a year earlier. Standalone net profit rose 2.7% to ₹27.89 crore, slower than total income's 3.1% rise.
Standalone tax expense of ₹2.29 crore is 7.6% of profit before tax of ₹30.18 crore. Against the prior quarter, total income rose from ₹4.36 crore and net profit from ₹4.38 crore, and the prior quarter's tax line was a credit of ₹0.87 crore. The company is a Core Investment Company and reports no separate segments in its standalone results.
Inference
The filing reports that the board approved both sets of results on 6 Nov 2026 and that the statutory auditors issued an unmodified limited review conclusion. The auditors' consolidated report notes that one subsidiary's results were jointly audited by other auditors.
The filing does not state a dividend declaration or record date for the period. It also does not give the reason for the rise in consolidated finance costs, or the expected timing of a recovery at CMSGICL.
Filed with BSE on . Reference: Original filing (PDF)
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