Cholamandalam Investment Q1 Profit Rises 21% YoY; Gold Loan Business Launched
💼 CHOLAFIN reported a 21% YoY rise in net profit to ₹1,135.91 crore in Q1 FY26. Total income grew 26% to ₹7,330.78 crore. While overall disbursements remained flat at ₹24,325 crore, Vehicle Finance grew 7% to ₹13,647 crore and Loan Against Property surged 21.45% to ₹4,705 crore. Home loan disbursements dipped slightly, and SME lending contracted due to product optimization. The company entered the gold loan segment with ₹100 crore disbursed and now operates 2,481 touchpoints across India.
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