2 weeks Ago
Cholamandalam Investment & Finance Company Q2 Results Live : Cholamandalam Investment & Finance Company declared their Q2 results on 25 Oct, 2024, showcasing a remarkable growth trajectory. The company's topline revenue surged by 35.31% year-on-year, while profits experienced a substantial increase of 25.
22% compared to the same period last year. In comparison to the previous quarter, Cholamandalam reported a revenue growth of 7.43% and a profit increase of 2.
18%, indicating a steady performance amidst market fluctuations. However, the company's selling, general and administrative expenses rose significantly, climbing 16.21% quarter-on-quarter and 26.
5% year-on-year, prompting analysts to closely monitor cost management strategies. Operating income saw a slight decline of 0.52% quarter-on-quarter, although it rose by 24.
24% year-on-year, reflecting the company’s ability to maintain operational efficiency amid rising expenses. Earnings per share (EPS) for Q2 stood at ₹ 16.98, marking a 31.
59% year-on-year increase, a positive indicator for investors looking for consistent returns. Over the last week, the company has delivered a -4.83% return, but investors have seen a more favorable 19.
98% return over the past six months and a 10.03% return year-to-date. Cholamandalam Investment & Finance Company currently boasts a market capitalization of ₹ 116497.
9 Cr, with a 52-week high of ₹ 1652 and a low of ₹ 1011.2, showcasing its volatility in the stock market. As of 26 Oct, 2024, a consensus of 33 analysts covering the company provided a mixed outlook: 4 analysts rated it as a 'Sell', another 4 as 'Hold', while 14 analysts recommended a 'Buy' and 11 analysts expressed a 'Strong Buy' rating.
The overall consensus recommendation remains a 'Buy' as of 26 Oct, 2024, indicating a general optimism among analysts regarding the company's future performance. Cholamandalam Investment & Finance Company Financials.
