Cholamandalam Financial Holdings Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 08, 2022 at 04:28 am
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Cholamandalam Financial Holdings Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 43,553.3 million compared to INR 35,943.8 million a year ago. Net income was INR 2,828.9 million compared to INR 3,030.9 million a year ago. Basic earnings per share from continuing operations was INR 15.07 compared to INR 16.14 a year ago. Diluted earnings per share from continuing operations was INR 15.07 compared to INR 16.14 a year ago.
For the six months, revenue was INR 83,180.5 million compared to INR 71,969.4 million a year ago. Net income was INR 5,503.8 million compared to INR 4,694.9 million a year ago. Basic earnings per share from continuing operations was INR 29.32 compared to INR 25.01 a year ago. Diluted earnings per share from continuing operations was INR 29.31 compared to INR 25.01 a year ago.
Cholamandalam Financial Holdings Limited is an India-based investment company, holding investments in its subsidiary / associate / joint venture and other group companies. It operates through two segments: Financing, and Insurance. The Company, through its subsidiaries, Cholamandalam Investment and Finance Company Limited (CIFCL), is engaged in non-banking financial business; Cholamandalam MS General Insurance Company Limited (CMSGICL), is engaged in general insurance business, and Cholamandalam MS Risk Services Limited (CMSRSL), is engaged in risk management and engineering solutions business. CIFCL is a financial service provider, which offers vehicle finance, home loans and loans against property to a range of its customers. CMSGICL offers a range of insurance, including motor, travel, health, accident, home, and other types of insurance for its customers. CMSRSL is engaged in providing risk management and engineering solutions in the field of safety, health, and environment.