Cholamandalam Investment Q1FY24 Results: Consolidated PAT of Rs. 709.94 Cr

Cholamandalam Investment Q1FY24 Results: Consolidated PAT of Rs. 709.94 Cr

Cholamandalam Investment Q1 results show revenue up from 3834.57 crores to 4170.79 crores, an 8.77% increase in growth. EPS rise from ₹10.39 to ₹8.62, down by -17.04%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Cholamandalam Investment shared its Q1 results on Tuesday. They earned 4170.79 crores in revenue this quarter, but that’s more than the 3834.57 crores they made last quarter. The company’s growth increased by 8.77 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 709.94 crores, down from 855.20 crores in the previous quarter. Their quarter-to-quarter growth decreased by -16.99 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹8.62, which is a decrease of -17.04% from the ₹10.39 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 4170.79 crores this year (2023), which is 49.17 percent higher than last year’s total revenue of 2795.91 crores.

This year’s PAT (Profit After Tax) is 709.94 crores, which is also 26.32% higher than last year’s PAT of 562.01 crores.

The EPS (Earnings Per Share) for this year is ₹8.62, which is 26.21% more than the EPS of ₹6.83 earned last year.

Also Read: Adani Total Gas Q1FY24 Results: Consolidated PAT of Rs. 150.22 Cr

Cholamandalam Investment Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Cholamandalam Investment:

Cholamandalam Investment and Finance Company Limited is a prominent financial and investment service provider based in India. Its headquarters are located in Chennai, and it boasts a vast network of 1029 branches spread throughout the country. The company operates as one of the 28 businesses under the esteemed Murugappa Group.

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