CHOLAMANDALAM FINANCIAL HOLDINGS Announces Quarterly Results (1QFY22); Net Profit Down 39.5%

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CHOLAMANDALAM FINANCIAL HOLDINGS Announces Quarterly Results (1QFY22); Net Profit Down 39.5%
Thu, 5 Aug

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

CHOLAMANDALAM FINANCIAL HOLDINGS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m32,33735,22535,9111.9%11.1%
Other incomeRs m22331.8%45.0%
TurnoverRs m32,33935,22835,9141.9%11.1%
ExpensesRs m12,80620,43219,623-4.0%53.2%
Gross profitRs m19,53114,79316,28810.1%-16.6%
DepreciationRs m336388381-1.7%13.4%
InterestRs m11,23511,28211,093-1.7%-1.3%
Profit before taxRs m7,9623,1264,81754.1%-39.5%
TaxRs m2,0489891,24125.4%-39.4%
Profit after taxRs m5,9142,1373,57667.3%-39.5%
Gross profit margin%60.442.045.4
Effective tax rate%25.731.625.8
Net profit margin%18.36.110.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 11.1% on a year-on-year (YoY) basis. The expenses were up by 53.2% YoY during the same period.
  • The company's operating profit declined by 16.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 45.4% in 1QFY22 as against 60.4% in 1QFY21.
  • Depreciation charges increased by 13.4% and finance costs declined by 1.3% YoY, respectively.
  • Other income increased by 45.0% YoY during the quarter.
  • Net profit for the quarter declined by 39.5% YoY. Net profit margins during the quarter declined from 18.3% in 1QFY21 to 10.0% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.0% QoQ during the same period.
  • The company's operating profit increased by 10.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 45.4% in 1QFY22 as against 42.0% in 4QFY21.
  • Net profit for the quarter increased by 67.3% QoQ, while net profit margins increased from 6.1% in 4QFY21 to 10.0% in 1QFY22.

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

ALERT: Top Investment Recommendation for 2022

CHOLAMANDALAM FINANCIAL HOLDINGS Share Price Performance

Over the last one year, CHOLAMANDALAM FINANCIAL HOLDINGS share price has moved up from Rs 325.5 to Rs 670.6, registering a Gain of Rs 345.1 or around 106.0%.

Overall, the S&P BSE SENSEX is up 47.5% over the year.

Current Valuations

At the current price of Rs 670.6, the price to earnings (P/E) ratio of CHOLAMANDALAM FINANCIAL HOLDINGS stands at 8.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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Jan 18, 2022 09:41 AM

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