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CHOLAMANDALAM INVESTMENT & FINANCE COMPANY LTD.

NSE : CHOLAFINBSE : 511243ISIN CODE : INE121A01024Industry : Finance - NBFCHouse : Murugappa Chettiar
BSE329.700.7 (+0.21 %)
PREV CLOSE ( ) 329.00
OPEN PRICE ( ) 331.70
BID PRICE (QTY) 329.70 (290)
OFFER PRICE (QTY) 0.00 (0)
VOLUME 79072
TODAY'S LOW / HIGH ( )325.80 333.00
52 WK LOW / HIGH ( )218.29 333
NSE329.850.7 (+0.21 %)
PREV CLOSE( ) 329.15
OPEN PRICE ( ) 331.00
BID PRICE (QTY) 0.00 (0)
OFFER PRICE (QTY) 329.85 (3940)
VOLUME 2794209
TODAY'S LOW / HIGH( ) 325.60 333.55
52 WK LOW / HIGH ( )218.2 333.55
AnalystEmailIdketan.mehrotra@narnolia.com
AnalystNameKetan Mehrotra
BSECode511243
CP1DesignationED
CP1NameMr. Arun Alagappan
CP2DesignationExe VP & CFO
CP2NameMr. Arul Selvan
CP3DesignationPres. & Head
CP3NameMr. Ravindra Kundu
CallDate06 Nov 2019
DescriptionOn disbursement front management said that number of loan contacts in vehicle finance in the quarter stood at 152388 vs 120105 in Q2FY19 which is due to spurt in two wheeler volumes. On the Home equity front numbers were 3014 v/s 2300 in Q2FY19. Out of the total workforce management said around 5000 are on roll while the rest are offroll. The collection executives are around 8000 The tax rate for the H2FY19 would be around 25%. In term of vehicle finance management said there has been spurt other than HCV and ICV. The retail sales have increased and dealer inventory has come down. In terms on Home equity management said that it is focus on retail book rather than big ticket size and even if there is no improvement in market scenario company will still be able to maintain current level of growth. On self-occupied business going down in composition management said there is 1% or 2% down and will remain about 80%+ and there is no change in strategy. Management expects home equity credit cost during H2FY20 to be better. For Vechile finance stage 3 was 2.34% and Home equity 5.88%. On the rise in Opex sequentially management said Q2 there is annual increments which increased the employee cost and it expected to remain at the current level for next 2 or 3 quarter and on other expense front there was one off and will normalize. On Healthy AUM growth despite weak disbursement management said that weak disbursement during the current quarter wont impact the aum growth however if the disbursements are slow going forward AUM growth will be affected. On rising of capital said management said it is looking into it and board will decide and come out with decision. The management said that it has internal guidance of if tier 1 capital that once it reaches 12% it looks to raise capital. With regards to ALM management said that it does not factor any credit lines or sanction limit management had Rs 7000 Cr approved credit lines from two leasing PSU banks at the end of September quarter. The Range of yield on refinance id based on underlying assets. Management is looking to take branch to 1100 Level by the year end. On AUM growth management said there would be better growth in ICV and LCV but is not comfortable for better growth in HCV and it will take time.
SubjectQ2FY20 EARNING CONFERENCE CALL

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