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.

EXPOSED: The Shocking Truth Behind Today's Hottest Investment 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.