Cholamandalam Investment and Finance Company Limited — Investor Meet, 11-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Cholamandalam Investment & Finance reported strong Q4 FY26, with disbursements up 25% YoY to INR 32,913 Cr and AUM growing 21% to INR 2,42,630 Cr. NIMs improved 40 bps YoY, and credit costs declined 20 bps, leading to an ROA of 4.1% (pre-overlay) and ROE of 23%. A INR 200 Cr precautionary management overlay was created.

Management targets 20-23% AUM growth for FY27, with net credit cost improving to ~1.5% and pre-tax ROA closer to 3.5%. Asset quality across segments showed improvement in Q4 and April trends are encouraging, with lower early defaults in Vehicle Finance. Gold Loan disbursed INR 1,130 Cr in Q4. Management is confident in diversified growth engines and asset quality improvements. Operating leverage is expected to materialize in about a year due to ongoing branch expansion.