Cholamandalam Investment shares slide over 6% after asset quality weakens despite strong June-quarter profit
AI Market Summary
Cholamandalam Investment and Finance posted strong June-quarter results, with net profit up 45.5% and NII up 27%, alongside 22% disbursement and 33% AUM growth. However, the share selloff signals investor sensitivity to deteriorating asset quality and potential credit-cost pressure, offsetting operational momentum. Near-term focus is likely to remain on delinquency trends, provisioning, and underwriting discipline.
Impact level
● Low
Affected assets
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AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Cholamandalam Investment and Finance reported June-quarter earnings with net profit rising 45.5% year on year to ₹1,656 crore and net interest income up 27% to ₹4,041 crore. Assets under management grew 33% from a year ago, while disbursements increased 22%. The stock fell more than 6% intraday and later recovered nearly 4% from the day’s low as investors focused on deteriorating asset quality, according to CNBCTV18.com.
