Cholamandalam Investment and Finance Company Ltd. Q3 FY2026 results: revenue ₹7,898 crore, up 17.3% on the year
Cholamandalam Investment and Finance Company Ltd. (CHOLAFIN) reported consolidated revenue from operations of ₹7,898 crore for Q3 FY2026, the quarter ended 31 December 2025, up 17.3% on the same quarter a year earlier. Profit after tax was ₹1,290 crore, up 18.5% on the year, and earnings per share ₹15.29. The figures are the company's own, from the un-audited results it filed with NSE on 30 January 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 7,898 | 7,491 | 6,733 | +17.3% |
| Other income | 110 | 122 | 104 | +6.4% |
| Total income | 8,009 | 7,613 | 6,837 | +17.1% |
| Cost of materials consumed | 0 | 0 | 0 | n/a |
| Purchases of stock-in-trade | 0 | 0 | 0 | n/a |
| Changes in inventories | 0 | 0 | 0 | n/a |
| Employee benefit expense | 1,094 | 1,073 | 893 | +22.4% |
| Finance costs | 3,646 | 3,517 | 3,275 | +11.3% |
| Depreciation, depletion and amortisation | 74 | 71 | 59 | +24.7% |
| Other expenses | 550 | 490 | 481 | +14.4% |
| Total expenses | 6,274 | 6,049 | 5,372 | +16.8% |
| Profit before exceptional items and tax | 1,735 | 1,565 | 1,465 | +18.5% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 1,735 | 1,565 | 1,465 | +18.5% |
| Current tax | 549 | 457 | 471 | +16.6% |
| Deferred tax | -104 | -51 | -94 | n/a |
| Total tax | 446 | 406 | 377 | +18.1% |
| Profit after tax | 1,290 | 1,160 | 1,088 | +18.5% |
| Attributable to owners of the parent | 1,290 | n/a | 1,088 | +18.5% |
| Other comprehensive income | 38 | 47 | 101 | -62.7% |
| Total comprehensive income | 1,328 | 1,207 | 1,189 | +11.6% |
| EPS, basic | n/a | n/a | ₹12.95 | n/a |
| EPS, diluted | n/a | n/a | ₹12.91 | n/a |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 7.17 | 7.23 | n/a | |
| Debt service coverage | n/a | 0.00 | n/a | |
| Interest service coverage | n/a | 0.00 | n/a |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Segments, Q3 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Vehicle Finance | 4,212 | 52.6% | 758 | 18.0% |
| Loan against property | 1,519 | 19.0% | 537 | 35.3% |
| Home Loans | 843 | 10.5% | 224 | 26.6% |
| Others | 1,208 | 15.1% | 128 | 10.6% |
| Unallocated | 227 | 2.8% | 89 | 39.2% |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,623 | 5,007 | 5,428 | 5,812 | 6,255 | 6,733 | 7,046 | 7,267 | 7,491 | 7,898 | 8,417 | 8,856 |
| Expenses | 3,630 | 3,898 | 4,071 | 4,582 | 5,018 | 5,372 | 5,439 | 5,822 | 6,049 | 6,274 | 6,422 | 6,735 |
| Operating profit | 3,235 | 3,596 | 4,011 | 4,085 | 4,358 | 4,695 | 5,036 | 4,980 | 5,031 | 5,344 | 5,820 | 6,204 |
| OPM % | 70% | 72% | 74% | 70% | 70% | 70% | 71% | 69% | 67% | 68% | 69% | 70% |
| Other income | 73 | 47 | 72 | 44 | 67 | 104 | 91 | 86 | 122 | 110 | 147 | 100 |
| Interest | 2,204 | 2,441 | 2,579 | 2,796 | 3,059 | 3,275 | 3,365 | 3,468 | 3,517 | 3,646 | 3,753 | 4,007 |
| Depreciation | 39 | 46 | 75 | 59 | 63 | 59 | 64 | 67 | 71 | 74 | 72 | 75 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1,065 | 1,156 | 1,428 | 1,275 | 1,304 | 1,465 | 1,698 | 1,531 | 1,565 | 1,735 | 2,142 | 2,222 |
| Tax % | 27% | 25% | 27% | 26% | 26% | 26% | 26% | 26% | 26% | 26% | 23% | 26% |
| Net profit | 773 | 872 | 1,065 | 947 | 968 | 1,088 | 1,260 | 1,138 | 1,160 | 1,290 | 1,645 | 1,656 |
| EPS in ₹ | ₹9.40 | ₹10.40 | ₹12.68 | ₹11.27 | ₹11.52 | ₹12.95 | ₹14.98 | ₹13.53 | ₹13.78 | ₹15.29 | ₹19.33 | ₹19.43 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 30 January 2026: the result statement. All of Cholamandalam Investment and Finance Company Ltd.'s results: NSE company page.
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