# CHOLAHLDNG (CHOLAHLDNG) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/cholahldng

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,507.7
- Change: +0.57%
- As of: 2026-09-18
- 1D return: +0.57%
- 5D return: -1.59%
- 1M return: -4.22%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, CHOLAHLDNG is trading at ₹1507.7, with a predominantly bearish technical stance across daily and monthly timeframes, while showing a conflicting bullish signal on the weekly chart. Daily indicators show the price below key moving averages including the 20-day EMA (₹1523.86) and 50-day EMA (₹1546.51), with a Supertrend indicator suggesting a bearish trend. This is further reinforced by the monthly timeframe, where the price is also below its 20-day EMA (₹1626.87) and Supertrend (₹2315.39), indicating a longer-term bearish outlook. However, the weekly timeframe presents a divergence, with the price above the weekly Supertrend (₹1336.12), though still below its 20-day EMA (₹1570.63) and 50-day EMA (₹1634.18). Recent daily activity includes a "high participation no clear direction" anomaly on September 18, 2026, with a volume ratio of 3.49, and a "wide intraday range" on September 17, 2026. The stock is currently trading near its nearest support level of ₹1502.9 (pivot), with immediate resistance observed at ₹1533.8 (high). The stock's risk profile includes an annualized volatility of 39% and a current drawdown of -30%.

- Daily and monthly timeframes indicate a bearish trend, with price below key moving averages and Supertrend.
- Weekly timeframe shows a conflicting signal, with price above the Supertrend but below moving averages.
- Nearest support is at ₹1502.9, with immediate resistance at ₹1533.8.
- Recent daily activity on September 18, 2026, showed high participation with no clear direction.
- Watch for a break below ₹1502.9 support or a sustained move above ₹1533.8 resistance for potential trend confirmation.

- Inside Bar
- Bearish Engulfing Reversal
- Outside Bar
- Doji
- Harami

### News Context

Cholamandalam Financial Holdings Limited held its 77th Annual General Meeting on August 14, 2026, where shareholders approved all five resolutions. These included the adoption of financial statements for the year ended March 31, 2026, a dividend declaration, and the re-appointment of Mr. Vellayan Subbiah as a director. Additionally, Mr. Shyam Shankar was appointed as Manager for a five-year term commencing June 15, 2026. The company also reported on its insurance subsidiary, Chola MS, for Q1 FY2027, noting a gross direct premium income of ₹1,860 crores, a 2.6% increase. However, the combined ratio was 120.4%, impacted by higher motor reserve strengthening and a specific fire loss of ₹12.4 crores. Corrective measures are planned to reduce motor OD loss ratios below 80%. The company confirmed reinsurance capacity was secured before the fiscal year began, and noted that GIFT City's entry has contributed to current soft market pricing in commercial lines. Mr. Santosh Pandey assumed the role of Chief Financial Officer on June 1, 2026.

- Cholamandalam Financial Holdings Limited's 77th Annual General Meeting on August 14, 2026, saw shareholder approval for financial statements, dividend, director re-appointment, and a new five-year managerial appointment.
- The insurance subsidiary, Chola MS, reported Q1 FY2027 gross direct premium income of ₹1,860 crores, up 2.6%.
- The combined ratio for Q1 FY2027 was 120.4%, attributed to motor reserve strengthening and a ₹12.4 crore fire loss.
- Management outlined plans to reduce motor OD loss ratios to below 80% and confirmed reinsurance capacity was secured.
- Mr. Santosh Pandey began his role as Chief Financial Officer on June 1, 2026.

- Cholamandalam Financial Holdings Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Cholamandalam Financial Holdings Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 14, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- Cholamandalam Financial Holdings Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 14, 2026 |SUBJECT: Shareholders meeting
- CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL

### What Changed

As of September 18, 2026, Cholamandalam Financial Holdings (CHOLAHLDNG) on the NSE experienced a slight increase in its stock price, moving from ₹1499.2 to ₹1507.7. This marks a change of ₹8.5 over the observed period. The company's profile and listing on the NSE remain consistent with prior context.

- On 2026-09-18, CHOLAHLDNG's stock price was ₹1507.7, up from ₹1499.2 on the previous observation date.
- The company continues to be listed on the NSE.
- No new filings or news developments were reported as of 2026-09-18.

### Official Filings

Cholamandalam Financial Holdings Limited reported its unaudited consolidated financial results for the quarter ended June 30, 2026, on August 14, 2026. The company announced a consolidated profit after tax (PAT) of ₹1,789 crore, a 42% increase compared to ₹1,260 crore in the same quarter of the previous year. Consolidated total income rose by 20% to ₹11,214 crore. The company's subsidiary, Cholamandalam Investment & Finance Company Ltd, saw its disbursements increase by 22% year-over-year to ₹29,612 crore in Q1 FY27, with assets under management growing 23% to ₹2,54,392 crore. Another subsidiary, Cholamandalam MS General Insurance Company Ltd, reported a profit of ₹128 crore for the quarter, up from ₹119 crore in the prior year. The Board of Directors approved these results on August 14, 2026, with the statutory auditor issuing an unmodified limited review conclusion. Separately, on August 20, 2026, the company provided an update on its insurance subsidiary, Chola MS, reporting a gross direct premium income of ₹1,860 crore for Q1 FY2027, a 2.6% increase. However, the combined ratio was 120.4%, impacted by higher motor reserve strengthening and a specific fire loss of ₹12.4 crore. Management indicated corrective measures are being implemented to reduce motor own-damage loss ratios below 80%. The company also confirmed securing reinsurance capacity and noted that GIFT City's entry has contributed to current soft market pricing in commercial lines.

- On August 14, 2026, the company reported unaudited consolidated profit after tax of ₹1,789 crore for Q1 FY2027, a 42% increase year-over-year.
- Consolidated total income for Q1 FY2027 was ₹11,214 crore, a 20% increase year-over-year.
- Cholamandalam Investment & Finance Company Ltd's assets under management grew 23% to ₹2,54,392 crore as of June 30, 2026.
- Cholamandalam MS General Insurance Company Ltd reported a profit of ₹128 crore for Q1 FY2027.
- On August 20, 2026, Chola MS reported Q1 FY2027 gross direct premium income of ₹1,860 crore, with a combined ratio of 120.4%.

- Cholamandalam Financial Holdings Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Cholamandalam Financial Holdings Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 14, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- Cholamandalam Financial Holdings Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 14, 2026 |SUBJECT: Shareholders meeting
- CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Cholamandalam Financial Holdings Limited has informed the Exchange regarding a press release dated August 14, 2026, titled "Un-audited financial results for the quarter ended June 30, 2026.". |SUBJECT: Press Release
- Cholamandalam Financial Holdings Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Cholamandalam Financial Holdings Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026. |SUBJECT: Outcome of Board Meeting
- CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL

### Fundamentals

Cholamandalam Financial Holdings has demonstrated a consistent upward trend in revenue, with reported figures showing growth from ₹10,926 crore in FY2019 to ₹25,830 crore in FY2024. This growth has been accompanied by an increase in Net Profit, rising from ₹1,415 crore in FY2019 to ₹3,851 crore in FY2024. The company's Return on Equity (ROE) has also shown resilience, standing at 20.0% in FY2024, up from 19.0% in FY2019. However, the company's cash flow from operations has been negative across the historical periods presented, with Free Cash Flow also remaining negative, indicating reliance on financing activities to fund operations. Borrowings have significantly increased from ₹50,447 crore in March 2019 to ₹134,014 crore in March 2024, while Equity Capital has remained constant at ₹19 crore over the same period. Looking ahead, projected revenues are expected to reach ₹39,156 crore by FY2026, with Net Profit anticipated to grow to ₹5,485 crore. The company's financing margin has seen a slight decrease from 20.0% in FY2019 to a projected 18.0% in FY2026.

Key monitoring areas include the company's ability to generate positive cash flow from operations, given the consistent negative figures observed. The substantial increase in borrowings alongside stagnant equity capital warrants attention regarding leverage and financial structure. While revenue and net profit show a positive trajectory, the sustainability of this growth amidst negative operating cash flows and increasing debt levels will be crucial.

- Revenue increased from ₹10,926 crore in FY2019 to ₹25,830 crore in FY2024.
- Net Profit grew from ₹1,415 crore in FY2019 to ₹3,851 crore in FY2024.
- Return on Equity (ROE) was 20.0% in FY2024.
- Cash Flow from Operations has been negative for all historical periods presented.
- Borrowings increased from ₹50,447 crore in March 2019 to ₹134,014 crore in March 2024.
- Projected revenue for FY2026 is ₹39,156 crore, with Net Profit estimated at ₹5,485 crore.

### Bull Case

Cholamandalam Financial Holdings has demonstrated sustained growth in key financial metrics over the past five years. The company has achieved a compounded profit growth of 24% and a compounded sales growth of 23% over this period. On a trailing twelve months (TTM) basis, these growth rates stand at 21% for profit and 18% for sales, indicating continued momentum. The company's balance sheet shows an increase in Fixed Assets from ₹306 crore in March 2019 to ₹479 crore in March 2020, alongside a rise in Investments from ₹7,552 crore to ₹8,893 crore over the same period. Reserves have also grown from ₹3,925 crore to ₹4,572 crore.

- Compounded Profit Growth over 5 years: 24%
- Compounded Sales Growth over 5 years: 23%
- Fixed Assets increased from ₹306 crore (Mar 2019) to ₹479 crore (Mar 2020)
- Investments increased from ₹7,552 crore (Mar 2019) to ₹8,893 crore (Mar 2020)

### Bear Case

Cholamandalam Financial Holdings' balance sheet shows a significant increase in borrowing, rising from ₹50,447 crore in March 2019 to ₹55,117 crore in March 2020. This increase in debt is accompanied by a rise in total assets and total liabilities. The company's cash flow from operations has been negative in both reported periods, with a more pronounced negative figure of ₹9,274 crore in March 2019, improving to ₹1,914 crore in March 2020. Free cash flow also remained negative across these periods. Technical indicators suggest a bearish trend, with the daily SuperTrend direction indicated as bearish and the monthly SuperTrend direction also bearish. The stock has experienced a significant year-to-date return of -20% and a 1-year return of -23%.

- Borrowing increased from ₹50,447 crore in March 2019 to ₹55,117 crore in March 2020.
- Cash flow from operating activities was negative for both March 2019 (₹9,274 crore) and March 2020 (₹1,914 crore).
- Free cash flow was negative in both March 2019 (₹9,367 crore) and March 2020 (₹2,011 crore).
- The daily and monthly SuperTrend indicators are both in a bearish direction as of the latest data.

### FAQs

**What has been the trend in Cholamandalam Financial Holdings' borrowing and equity capital?**

Between March 2019 and March 2020, Cholamandalam Financial Holdings' borrowing increased from ₹50,447 to ₹55,117. In the same period, its Equity Capital remained stable at ₹19.

**How has Cholamandalam Financial Holdings' cash flow from operating activities changed?**

Cholamandalam Financial Holdings' cash flow from operating activities improved from a negative ₹9,274 in March 2019 to a negative ₹1,914 in March 2020. The company also reported a negative Cash from Financing Activity of ₹12,171 in March 2019, which became a positive ₹2,427 in March 2020. Free Cash Flow also improved from a negative ₹9,367 in March 2019 to a negative ₹2,011 in March 2020.

**What is the recent technical trend for Cholamandalam Financial Holdings?**

As of September 18, 2026, the daily trend for Cholamandalam Financial Holdings is indicated as bearish, with the Supertrend indicator at ₹1610.35. The 20-day Exponential Moving Average (EMA) is at ₹1523.86, and the 50-day EMA is at ₹1546.51. On a weekly basis, the Supertrend indicator is bullish at ₹1336.12, while the monthly trend is also bearish with the Supertrend at ₹2315.39.

**What were the key outcomes of the Annual General Meeting held on August 14, 2026?**

At the 77th Annual General Meeting on August 14, 2026, shareholders of Cholamandalam Financial Holdings Limited approved all resolutions. These included adopting the financial statements for the year ended March 31, 2026, approving a dividend, re-appointing Mr. Vellayan Subbiah as a director, and appointing Mr. Shyam Shankar as Manager for a five-year term starting June 15, 2026.

**What updates were provided regarding the insurance subsidiary's performance in Q1 FY2027?**

In Q1 FY2027, the insurance subsidiary Chola MS recorded a gross direct premium income of ₹1,860 crores, a 2.6% increase. The combined ratio was 120.4%, impacted by higher motor reserve strengthening and a specific fire loss of ₹12.4 crores. Corrective measures are being implemented to reduce motor Own Damage (OD) loss ratios below 80%.

- Cholamandalam Financial Holdings Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Cholamandalam Financial Holdings Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 14, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- Cholamandalam Financial Holdings Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 14, 2026 |SUBJECT: Shareholders meeting
- CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,502.9
- Risk regime: Higher Price Risk

### Support levels
- 1439.475
- 1400.0562499999999
- 1358.8249999999998

### Resistance levels
- 1545.71875
- 1577.3625
- 1668.20625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.57% |
| return_10 | +0.33% |
| return_1m | -3.56% |
| return_1y | -22.74% |
| return_20 | -4.22% |
| return_3m | -5.13% |
| return_5 | -1.59% |
| return_6m | +0.82% |
| return_since_start | +7.74% |
| return_ytd | -19.74% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -37.63% |
| annualized_volatility | +39.05% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Interest Income Growth Lifts Revenue and Profit

Cholamandalam Financial Holdings Limited reported consolidated revenue from operations of ₹11,113.57 crore for the quarter ended June 30, 2026, a 19.5% increase year-on-year. Net profit rose 42% to ₹1,788.99 crore, driven by a 20.3% increase in interest income, while finance costs and impairment provisions grew at a slower pace. Basic earnings per share reached ₹42.92, up 39.3%. Comprehensive income was ₹1,946.04 crore, boosted by other comprehensive income of ₹157.05 crore.

## Revenue Composition and Growth

The company’s revenue is heavily concentrated in interest income, consistent with its core lending business.

- **Interest Earned:** ₹8,363.32 crore, up 20.3% from ₹6,953.93 crore in the prior-year quarter. Interest earned has increased each quarter over the past five quarters, from ₹6,953.93 crore in Q1 FY26 to ₹8,363.32 crore in Q1 FY27.
- **Fees and Commission Income:** ₹713.38 crore, representing a material component of non-interest revenue.
- **Other Income:** ₹100.75 crore, down sequentially from ₹153.30 crore in the March quarter but 16.3% higher than the ₹86.63 crore recorded a year earlier.
- **Dividend Income:** ₹7.35 crore, up from ₹5.77 crore in the prior-year quarter.

Total revenue from operations grew 19.5% year-on-year to ₹11,113.57 crore. Revenue has also risen each quarter over the past five quarters, from ₹9,296.32 crore in Q1 FY26 to ₹11,113.57 crore in Q1 FY27.

## Expense Dynamics and Margin Trends

Profitability improved as expense growth lagged revenue growth.

- **Finance Costs:** ₹4,007.25 crore, a 15.6% increase year-on-year. This growth rate was lower than the 20.3% increase in interest earned, widening the gap between the two and supporting profitability.
- **Impairment on Financial Instruments:** ₹922.22 crore, up 4.5% year-on-year. As a percentage of revenue, impairment costs declined from 9.5% in the prior-year quarter to 8.3% in the current quarter.
- **Operating Expenses:** Employee benefit expense was ₹1,274.82 crore, and depreciation was ₹87.42 crore for the quarter.

Profit before tax as a percentage of revenue increased from 18.2% in the prior-year quarter to 21.6% in the current quarter.

## Profitability and Earnings Per Share

- **Profit Before Tax:** ₹2,398.17 crore, up 41.5% from ₹1,694.76 crore a year earlier.
- **Tax Expense:** ₹611.14 crore, with an effective tax rate of approximately 25.5%, broadly consistent with the 25.8% rate in the prior-year quarter.
- **Net Profit:** ₹1,788.99 crore, a 42% increase year-on-year.
- **Earnings Per Share:** Basic earnings per share from continuing operations rose to ₹42.92, up 39.3% from ₹30.81. The difference between net profit growth and EPS growth suggests a change in the number of shares outstanding.

## Comprehensive Income Components

Comprehensive income for the period was ₹1,946.04 crore, exceeding net profit by ₹157.05 crore. This difference represents other comprehensive income (OCI) recognised during the quarter. In the prior-year quarter, OCI was ₹50.10 crore, so the larger contribution this quarter helped comprehensive income grow 48.6% year-on-year, outpacing net profit growth.

## Management Commentary

Cholamandalam Financial Holdings reported a strong Q1 FY27, with consolidated PAT surging 42% YoY to Rs.1,789 Cr, driven by its key subsidiaries. The core NBFC arm, CIFCL, saw disbursements rise 22% to Rs.29,612 Cr and AUM expand 23% to Rs.2,54,392 Cr, indicating sustained demand across vehicle finance, loan against property, and home loans. Management highlighted a cautious yet growth-oriented strategy, emphasizing calibrated portfolio expansion, prudent risk frameworks, and deepening reach in semi-urban and rural markets.

In the general insurance business, CMSGICL's PAT fell due to margin compression in commercial lines and higher claims, prompting a strategic shift toward profitable SME segments and pricing corrections. Overall, management remains optimistic about sector tailwinds from infrastructure spending, rural demand, and regulatory support, while maintaining disciplined underwriting and cost control to navigate near-term headwinds.

## Key Takeaway

Revenue grew 19.5% year-on-year, driven by a 20.3% increase in interest income. Net profit rose 42%, as interest income growth outpaced increases in finance costs and impairment provisions. Comprehensive income was further boosted by other comprehensive income of ₹157.05 crore.

### Ratios

## Official filings

- 2026-08-20 — Generic Announcement: Cholamandalam Financial Holdings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/9500179438_20082026182957_SEIntimation.pdf)
- 2026-08-20 — Generic Announcement: Cholamandalam Financial Holdings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15476_WebXMLFile_20260820_184157175.xml)
- 2026-08-17 — Generic Announcement: Cholamandalam Financial Holdings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_17082026180244_SEIntimation.pdf)
- 2026-08-15 — Generic Announcement: Cholamandalam Financial Holdings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_15082026124642_Summary_of_AGM_proceedings.pdf)
- 2026-08-14 — Generic Announcement: Cholamandalam Financial Holdings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15476_WebXMLFile_20260814_184146960.xml)
- 2026-08-14 — Press Release: Cholamandalam Financial Holdings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_14082026164116_SEIntimation.pdf)
- 2026-08-14 — Generic Announcement: Cholamandalam Financial Holdings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_14082026182634_SEIntimation.pdf)
- 2026-08-14 — Generic Announcement: Cholamandalam Financial Holdings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_14082026131858_Outcome_of_BM.pdf)
- 2026-08-10 — Generic Announcement: Cholamandalam Financial Holdings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15476_WebXMLFile_20260810_175035629.xml)
- 2026-07-31 — Generic Announcement: Cholamandalam Financial Holdings Limited will hold a group call with IIFL Capital Services Limited on August 14, 2026, at 4:30 p.m. IST to discuss un-audited financial results for the quarter ended June 30, 2026. Any schedule changes will be posted on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_31072026172440_SEIntimation.pdf)
- 2026-07-22 — Official Filing: Cholamandalam Financial Holdings Limited will hold its 77th Annual General Meeting on Friday, August 14, 2026, at 14:30:00 in Chennai, conducted via Video Conference or Other Audio-Visual Means. The agenda includes the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, declaration of a final dividend, re-appointment of Mr. Vellayan Subbiah as a director from August 14, 2026, to August 13, 2029, and the appointment of Mr. Shyam Shankar as Manager from June 15, 2026, to June 14, 2031.
- 2026-07-22 — Generic Announcement: Cholamandalam Financial Holdings Limited will hold its 77th Annual General Meeting on August 14, 2026, via video conference. The company will present audited financial statements for FY 2025-26 and propose a final dividend of 1.30 per equity share. The meeting will also address the re-appointment of director Vellayan Subbiah and the appointment of Shyam Shankar as Manager for a five-year term starting June 15, 2026. The record date for dividend eligibility is August 7, 2026, with payment expected by September 12, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_22072026225608_SEIntimation.pdf)
- 2026-07-22 — Generic Announcement: Cholamandalam Financial Holdings Limited submitted its Business Responsibility and Sustainability Report for FY 2025-26 on July 22, 2026, as required by SEBI regulations. The report covers the company's lending and insurance businesses on a consolidated basis. It details operations, market reach, customer base, employee statistics as of March 31, 2026, and commitments to environmental, social, and governance (ESG) principles. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_22072026225740_SEIntimation.pdf)
- 2026-07-10 — Generic Announcement: Cholamandalam Financial Holdings Limited submitted a certificate for the quarter ended June 30, 2026, confirming compliance with Regulation 74(5) of SEBI (Depository Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, KFin Technologies Limited, certified that details of securities dematerialized or rematerialized during the period April 1, 2026, to June 30, 2026, were furnished to the stock exchanges where the company's shares are listed. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_10072026170915_SEIntimation.pdf)
- 2026-07-08 — Generic Announcement: Cholamandalam Financial Holdings Limited published newspaper advertisements on July 8, 2026, in Business Standard (English) and Makkal Kural (Tamil) regarding its 77th Annual General Meeting. The meeting will be held through video conferencing or other audio-visual means, in compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_08072026172754_SE_Intimation.pdf)
- 2026-07-01 — Generic Announcement: Cholamandalam Financial Holdings Limited will close its trading window from July 1, 2026, until 48 hours after the declaration of its un-audited financial results for the quarter ended June 30, 2026. This closure is in accordance with the company's insider trading code of conduct. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_01072026172916_SEIntimation.pdf)
- 2026-06-15 — Generic Announcement: Cholamandalam Financial Holdings Limited announced that Mr. Shyam Shankar has assumed the roles of Manager and Chief Financial Officer, effective June 15, 2026. He is now authorized, along with Ms. E Krithika (Company Secretary and Compliance Officer), to determine the materiality of events and make required disclosures to stock exchanges under SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_15062026170948_SEintimation.pdf)
- 2026-05-25 — Generic Announcement: Cholamandalam Financial Holdings Limited published a notice on May 25, 2026, regarding the proposed transfer of equity shares to the Investor Education and Protection Fund (IEPF). This action is in accordance with the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016, for shares where dividends have remained unclaimed for seven consecutive years or more. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_25052026170820_SEIntimation.pdf)
- 2026-05-15 — Generic Announcement: Cholamandalam Financial Holdings Limited has released the transcript of its Q4 FY26 earnings call held on May 8, 2026. The call focused on Cholamandalam MS General Insurance's performance, noting a Gross Direct Premium Income (GDPI) of INR 2,048 crores for Q4 and INR 7,762 crores for the year, impacted by a loss of crop insurance business amounting to INR 124 crores in Q4 and over INR 590 crores for the year. The company reported a combined ratio of 115.2% for the year, including motor third-party reserving augmentation. The Board decided to seek forbearance for transitioning statutory accounting to Ind AS from April 1, 2027, to ensure a calibrated transition. Rajive Kumaraswami will take over as Managing Director of Cholamandalam MS General Insurance from June 1, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_15052026145755_SEIntimation.pdf)
- 2026-05-08 — Press Release: Cholamandalam Financial Holdings Limited reported audited financial results for the year ended March 31, 2026, with consolidated Profit After Tax (PAT) of Rs. 5,485 crore, an increase of 16% from the previous year. Consolidated total income grew 18% to Rs. 39,576 crore. The company's subsidiary, Cholamandalam Investment & Finance Company Ltd, disbursed Rs. 32,913 crore in Q4 FY26, a 25% increase, and achieved PAT of Rs. 5,220 crore for the year. Another subsidiary, Cholamandalam MS General Insurance Company Ltd, reported Gross Written Premium of Rs. 9,110 crore for the year, a 6% increase, but incurred a Rs. 5 crore loss for the quarter due to fair value changes. The Board recommended a final dividend of 130%. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_08052026151455_SEIntimation.pdf)
- 2026-05-08 — Generic Announcement: The Board of Directors of Cholamandalam Financial Holdings Limited approved audited financial results for the year ended March 31, 2026, and recommended a final dividend of 130% (Rs. 1.30 per share), with a record date of August 7, 2026. The board also accepted the resignation of N Ganesh as CFO effective June 14, 2026, and appointed Shyam Shankar as the new CFO effective June 15, 2026. N Ganesh will also retire as Manager on June 14, 2026, with Shyam Shankar appointed as Manager effective June 15, 2026, subject to shareholder approval. The 77th Annual General Meeting is scheduled for August 14, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_08052026164247_Change_in_Management.pdf)
- 2026-05-08 — Generic Announcement: The Board of Directors approved the audited financial results for the year ended March 31, 2026, and recommended a final dividend of 130% (Rs. 1.30 per share). Mr. N Ganesh resigned as CFO effective June 14, 2026, and Mr. Shyam Shankar was appointed as CFO and Manager effective June 15, 2026. The 77th Annual General Meeting is scheduled for August 14, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_08052026142901_Outcome_of_BM.pdf)
- 2026-05-08 — Generic Announcement: Cholamandalam Financial Holdings Limited has uploaded the audio recording of its earnings call for the year ended March 31, 2026, held on May 8, 2026. The recording is available on the company's website at https://www.cholafhl.com/investors/investor-meet, in compliance with SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_08052026165702_SEIntimation.pdf)
- 2026-05-08 — Management Change: The Board of Directors of Cholamandalam Financial Holdings Limited approved audited financial results for the year ended March 31, 2026, and recommended a final dividend of 130% (Rs. 1.30 per share), with a record date of August 7, 2026. The board also accepted the resignation of N Ganesh as CFO effective June 14, 2026, and appointed Shyam Shankar as the new CFO effective June 15, 2026. N Ganesh will also retire as Manager on June 14, 2026, with Shyam Shankar appointed as Manager effective June 15, 2026, subject to shareholder approval. The 77th Annual General Meeting is scheduled for August 14, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_08052026165138_Change_in_Management.pdf)
- 2026-05-08 — Generic Announcement: The Board of Directors approved the audited financial results for the year ended March 31, 2026, and recommended a final dividend of 130% (Rs. 1.30 per share). Mr. N Ganesh resigned as CFO effective June 14, 2026, and Mr. Shyam Shankar was appointed as CFO and Manager effective June 15, 2026. The 77th Annual General Meeting is scheduled for August 14, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHOLAHLDNG_08052026145640_Outcome_of_BM.pdf)

## News and market events

- 2026-08-14 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty Auto down about 140 points; Tata Motors PV leads loses** — Sensex Today | Stock Market LIVE Updates: We are the half way mark of the day's trade and the markets remain in red. The markets are under pressure, with the Nifty index falling towards the 24,300 mark. The Nifty Bank is also trading on similar ground, falling below the 57,500 mark. Tata Motors PV, Hindalco, Max Health are the top losers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-sensex-hdfc-bank-nifty-bank-q1-earnings-tata-motors-max-fin-defence-bdl-share-price-liveblog-19969121.htm)

## Business profile

**Strategic vision:** Indian financial services holding company with diverse interests.

### Business segments
- **Cholamandalam Investment and Finance Company Limited:** Operates as a comprehensive financial services provider offering vehicle finance, home loans, SME loans, personal loans, and gold loans.
- **Cholamandalam MS General Insurance Company Limited:** Offers general insurance products including motor, health, travel, and home insurance.
- **Cholamandalam MS Risk Services Limited:** Provides comprehensive risk management and engineering solutions in Safety, Health, and Environment.

### Competitive strengths
- Part of the diversified Murugappa Group conglomerate.
- Joint ventures with Mitsui Sumitomo Insurance Company Limited provide international expertise.
- Extensive operational presence across India.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/cholahldng
Markdown representation: https://faxioms.com/stocks/cholahldng?render=md