The aggregate disbursements of Cholamandalam Investment and Finance Company Ltd. for the third quarter were at Rs. 6,761 crores as against Rs. 4,373 crores in Q3 of FY2017, registering a growth of 55%. The growth as compared to Q2 was higher by 23%.
The Vehicle Finance business disbursed Rs. 5,607 crores as against Rs. 3,490 crores in Q3 of FY2017 clocking a growth of 61% YoY. The HCV and LCV divisions continued to show strong growth, complemented by Used Vehicles.
The Vehicle Finance division recorded a PBT of Rs. 257.62 crores for the quarter as against the Rs. 168.88 crores in the corresponding quarter of FY 2017, registering a growth of 52.5%. As compared to Q2 of FY 2018, the division recorded a growth of 6.2%.
The Net Income Margin (NIM) for the quarter was 9.6% higher than that of 8.4% in Q3 of FY 2017 and has been maintained at the same level as of Q2 FY 2018. The PBT-ROTA for Q3 FY 2018 improved to 4.6% as against 3.5% in Q3 FY 2017.
