Review

CHOLAMANDALAM FINANCIAL HOLDINGS LTD. 

Ticker : 504973
FV: ₹10
52-Week H/L: ₹ 763.05/545

We recommended Cholamandalam Financial Holdings Limited in volume no. 38, issue no. 15 (dated January 27, 2022) when the scrip was trading at Rs 698.4. On a quarterly standalone financial front, the income from interest was reported at Rs 0.29 crore for Q3FY22, which is a decrease of 6.45 per cent as compared to Rs 0.31 crore reported for Q3FY21. The total income calculated for Q3FY22 slipped 3.4 per cent to Rs 2.27 crore from Rs 2.35 crore in Q3FY21. For Q3FY22, the net loss lowered to Rs 1.28 crore as compared to a net loss of Rs 3.48 crore reported in Q3FY21. Even though the company delivered shaky Q3 results yet on the segment front, the revenue from financing zoomed 1.47 per cent. On the other hand, the revenue from the insurance segment grew by 4.45 per cent on a YoY basis. Besides, the current PE ratio of the company is below the median PE ratio. Hence, we recommend HOLD.