CHOLAMANDALAM INVEST Announces Quarterly Results (1QFY22); Net Profit Down 23.7%

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CHOLAMANDALAM INVEST Announces Quarterly Results (1QFY22); Net Profit Down 23.7%
Tue, 3 Aug

CHOLAMANDALAM INVEST has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

CHOLAMANDALAM INVEST Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Operating incomeRs m21,25624,79424,8170.1%16.8%
Other incomeRs m142-60.5%183.3%
Total revenuesRs m21,25624,79824,8190.1%16.8%
InterestRs m11,30611,19611,037-1.4%-2.4%
Gross Profit Rs m9,69313,34013,5321.4%39.6%
Other expensesRs m3,87310,0729,096-9.7%134.9%
Profit before taxRs m5,8213,2734,43835.6%-23.8%
TaxRs m1,5078201,14739.9%-23.9%
Profit after taxRs m4,3142,4533,29134.2%-23.7%
Gross profit margin %45.653.854.5
Effective tax rate%25.925.025.8
Net profit margin%20.39.913.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 16.8% on a year-on-year (YoY) basis. The interest expended was down by 2.4% YoY during the same period.
  • The bank's operating profit increased by 39.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 54.5% in 1QFY22 as against 45.6% in 1QFY21.
  • Other income increased by 183.3% YoY during the quarter.
  • Net profit for the quarter declined by 23.7% YoY. Net profit margins during the quarter declined from 20.3% in 1QFY21 to 13.3% in 1QFY22.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 0.1% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 1.4% QoQ during the same period.
  • The bank's operating profit increased by 1.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 54.5% in 1QFY22 as against 53.8% in 4QFY21.
  • Net profit for the quarter increased by 34.2% QoQ, while net profit margins increased from 9.9% in 4QFY21 to 13.3% in 1QFY22.

To see how CHOLAMANDALAM INVEST has performed over the last eight quarters,please visit here.

Revealing this Monday: A Potentially Life-Changing Opportunity

CHOLAMANDALAM INVEST Share Price Performance

Over the last one year, CHOLAMANDALAM INVEST share price has moved up from Rs 201.3 to Rs 516.8, registering a Gain of Rs 315.6 or around 156.8%.

Overall, the S&P BSE SENSEX is up 42.6% over the year.

Current Valuations

At the current price of Rs 516.8, the price to earnings (P/E) ratio of CHOLAMANDALAM INVEST stands at 29.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

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