Cholamandalam Financial Holdings (CHOLAHLDNG) Q4 25/26 earnings summary

Executive summary

• Consolidated revenue for Q4 FY26 rose 17% year-over-year to ₹10,520 Cr, with profit after tax up 19% to ₹1,626 Cr; EPS increased 12% to ₹36.59.

• For FY26, consolidated revenue grew 18% to ₹39,576 Cr, and profit after tax increased 16% to ₹5,485 Cr; EPS up 12% to ₹130.01.

• Board approved audited standalone and consolidated financial results for the year ended March 31, 2026, with unmodified audit opinions from statutory auditors.

• Final dividend of Rs.1.30 per equity share (130%) recommended for FY26, subject to shareholder approval.

• Key managerial changes: CFO and Manager N Ganesh resigns/retiring effective June 14, 2026; Shyam Shankar appointed as CFO and Manager from June 15, 2026.

Financial highlights

• Vehicle finance disbursements grew 15% in FY26 to ₹62,123 Cr; AUM up 18% YoY.

• Loan against property disbursements rose 14% to ₹20,459 Cr; AUM up 26% YoY.

• Home loan AUM increased 23% YoY, though disbursements were flat at ₹7,363 Cr.

• General insurance GWP grew 6.9% to ₹8,904 Cr; PAT declined to ₹331 Cr due to higher claims and loss of crop insurance business.

• Cholamandalam MS General Insurance Company Ltd (CMSGICL) FY26 GWP: Rs.9,110 Cr, up 6%; PAT: Rs.253 Cr (FY25: Rs.484 Cr).

Outlook and guidance

• Vehicle finance growth expected to mirror market trends, with stable demand in HCV, LCV, and passenger vehicles; moderate growth anticipated in FY27.

• Loan against property and home loans segments expected to grow at 20-22% and 19-21% respectively in FY27, supported by retail expansion and government housing initiatives.

• Board recommended a final dividend of Rs.1.30 per share for FY26, pending AGM approval.

• General insurance industry in India remains underpenetrated, offering long-term growth potential.

• Company continues to monitor regulatory changes, including new labour codes and geo-political risks.