Page 2 - சோலமண்டலம் முதலீடு நிதி நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from சோலமண்டலம் முதலீடு நிதி நிறுவனம். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In சோலமண்டலம் முதலீடு நிதி நிறுவனம் Today - Breaking & Trending Today

Broker's call: Cholamandalam Inv (Buy) - The Hindu BusinessLine


Broker s call: Cholamandalam Inv (Buy)
|
Updated on
CMP: ₹465
Cholamandalam Investment & Finance Company (CIFC) has reported normalcy in disbursements in Q3 with vehicle finance recording ₹2,000 crore average monthly disbursement along with consistency in the home finance business.
Overall disbursement rose nearly 6 per cent y-o-y (22.8 per cent q-o-q) to ₹7,930 crore, aided by ₹1,500 crore in ECLGS disbursements. AUM growth was stable at about 13.1 per cent y-o-y with normalisation of repayments.
Calculated NIMs surged to about 8 per cent, highest in past 16 quarters, due to a sharp decline in cost of funds (-60bps sequentially). The company has recently raised equity of ₹1,200 crore, which also supported margins. Opex during Q3 declined by about 13.1 per cent y-o-y (+3.9 per cent q-o-q), resulting in healthy Cost to Average Assets at around 2.2 per cent. ....

Cholamandalam Investment Finance Company , Finance Company , Average Assets , Gross Stage , சோலமண்டலம் முதலீடு நிதி நிறுவனம் , நிதி நிறுவனம் , சராசரி சொத்துக்கள் , மொத்த நிலை ,