Cholamandalam Investment and Finance Company reported a 41 per cent jump in net profit at ₹1,630 crore for the quarter ended September 2026. On Wednesday, the board also approved a fundraise of up to ₹5,000 crore via QIP. The company saw strong growth across its vehicle and SME loan segments.
The Board of Cholamandalam Investment and Finance Company Ltd (CIFCL) on Wednesday approved fundraising via a QIP for an amount not exceeding ₹5,000 crore in one or more tranches.
The company's fundraise plans come at a time when it reported a robust 41 per cent jump in net profit at ₹1,630 crore for the quarter ended September 2026 (Q2 FY27). The strong growth in profitability came on the back of a 47 per cent growth in disbursements for the quarter at ₹35,872 crore.
Total assets under management (AUM) of the Murugappa Group-owned NBFC stood at ₹2,68,009 crore, up 25 per cent y-o-y from the same period last year.
For the half year ended September 2026 (H1 FY27), net profit came in at ₹3,284 crore, up 43 per cent y-o-y.
With an AUM of ₹1,29,787 crore as of September 30, vehicle finance, the largest segment, registered a growth of 21 per cent y-o-y. Loans against property also grew at a strong 24 per cent y-o-y at ₹57,447 crore. Small and medium enterprises loan (SME) business clocked a 45 per cent y-o-y growth in AUM.
Gold loans (GL) business, which is relatively new for the NBFC, disbursed ₹1,960 crore in Q2 FY27 and ₹2,714 crore in H1 FY27, with the AUM of ₹3,446 crore as September 30, and continuing to scale steadily. CIFCL is currently operating through 308 dedicated branches for gold loans.
The growth in lending came with improvement in asset quality sequentially. GNPA % as per RBI norms was at 4.44 per cent as of September 26 as against 4.50 per cent in June 26. NNPA was at 2.92 per cent as of September 26 as against 2.95 per cent in June 26.
The shares of CIFCL were trading at ₹1,553.85, up 5.2 per cent at the time of writing.