Board Meeting Details
The meeting was held on August 14, 2026, commencing at 11:00 AM and concluding at 1:00 PM. The results were reviewed by the Audit Committee and approved by the Board.
Auditor Review
M/s. R.G.N. Price & Co., Chartered Accountants issued limited review reports for both standalone and consolidated financial results, concluding that nothing came to their attention suggesting material misstatement.
Standalone Financial Results (Rs. Crores)
Quarterly Performance Comparison
| Particulars | Q1 FY27 (30.06.2026) | Q4 FY26 (31.03.2026) | Q1 FY26 (30.06.2025) | FY26 (31.03.2026) |
| Revenue from operations | 4.36 | 52.38 | 3.65 | 89.79 |
| - Interest Income | 1.86 | 1.40 | 1.15 | 4.91 |
| - Dividend Income | - | 48.48 | - | 74.88 |
| - Service Income | 2.50 | 2.50 | 2.50 | 10.00 |
| Total Income | 4.36 | 52.38 | 3.65 | 89.79 |
| Total Expenses | 0.85 | 1.52 | 0.82 | 3.89 |
| Profit before tax | 3.51 | 50.86 | 2.83 | 85.90 |
| Tax expense | (0.87) | 12.38 | 0.72 | 15.49 |
| Profit for the period | 4.38 | 38.48 | 2.11 | 70.41 |
| Total Comprehensive Income | 12.38 | 40.59 | 2.18 | 72.77 |
| Paid-up equity share capital | 18.78 | 18.78 | 18.78 | 18.78 |
| Basic EPS (Rs.) | 0.23 | 2.05 | 0.11 | 3.75 |
| Diluted EPS (Rs.) | 0.23 | 2.05 | 0.11 | 3.75 |
Tax Details
Current tax: ₹0.90 crore
Excess provision of tax relating to earlier year(s): ₹(1.77) crore
Deferred tax: ₹- crore
Other Comprehensive Income
Items that will not be reclassified: ₹9.33 crore (before tax ₹1.33 crore)
Total Other Comprehensive Income: ₹8.00 crore
Consolidated Financial Results (Rs. Crores)
Quarterly Performance Comparison
| Particulars | Q1 FY27 (30.06.2026) | Q4 FY26 (31.03.2026) | Q1 FY26 (30.06.2025) | FY26 (31.03.2026) |
| Revenue from operations | 11,113.57 | 10,366.20 | 9,296.32 | 39,072.72 |
| - Interest Income | 8,363.32 | 7,921.18 | 6,953.93 | 29,616.16 |
| - Dividend Income | 7.35 | 12.10 | 5.77 | 35.12 |
| - Gross Premium Income | 2,298.75 | 2,208.60 | 2,002.51 | 8,868.15 |
| - Premium ceded to reinsurers | (610.94) | (511.72) | (483.29) | (2,300.29) |
| - Fee & Commission Income | 713.38 | 697.10 | 536.70 | 2,327.74 |
| - Net gain on derecognition | 161.32 | 114.87 | 146.58 | 439.11 |
| - Net gain/(loss) on fair value change | 178.07 | (77.46) | 133.15 | 81.59 |
| - Service Income | 2.32 | 1.53 | 0.97 | 5.14 |
| Other income | 100.75 | 153.30 | 86.63 | 503.05 |
| Total Income | 11,214.32 | 10,519.50 | 9,382.95 | 39,575.77 |
| Total expenses | 8,816.15 | 8,379.99 | 7,688.19 | 32,249.85 |
| Profit before tax | 2,400.13 | 2,142.12 | 1,696.10 | 7,333.18 |
| Tax expense | 611.14 | 516.57 | 436.56 | 1,848.00 |
| Profit after tax | 1,788.99 | 1,625.55 | 1,259.54 | 5,485.18 |
| - Owners of the Company | 805.96 | 687.14 | 578.50 | 2,441.29 |
| - Non-Controlling Interest | 983.03 | 938.41 | 681.04 | 3,043.89 |
| Total Comprehensive Income | 1,946.04 | 1,595.67 | 1,309.64 | 5,496.11 |
| - Owners of the Company | 907.50 | 642.82 | 621.09 | 2,420.78 |
| - Non-Controlling Interest | 1,038.54 | 952.85 | 688.55 | 3,075.33 |
| Paid-up equity share capital | 18.78 | 18.78 | 18.78 | 18.78 |
| Basic EPS (Rs.) | 42.92 | 36.59 | 30.81 | 130.01 |
| Diluted EPS (Rs.) | 42.92 | 36.59 | 30.81 | 130.01 |
Expense Breakdown
Finance costs: ₹4,007.25 crore
Insurance Claims (net of reinsurance recoveries): ₹1,458.46 crore
Impairment on financial instruments: ₹922.22 crore
Employee benefits expense: ₹1,274.82 crore
Depreciation and amortisation expense: ₹87.42 crore
Other expenditure: ₹1,065.98 crore
Tax Details
Current tax: ₹683.46 crore
Excess provision of tax relating to earlier year(s): ₹(1.77) crore
Deferred tax: ₹(70.55) crore
Share of Profit from Associates & Joint Venture
₹1.96 crore for the quarter ended June 30, 2026
Segment Information (Consolidated)
Segment Revenue (Rs. Crores)
Financing: ₹8,856.29
Insurance: ₹2,322.21
Others: ₹4.36
Total: ₹11,182.86
Less: Inter-Segment revenue: ₹(69.29)
Net Revenue: ₹11,113.57
Segment Results (Profit before tax)
Financing: ₹2,222.07
Insurance: ₹172.59
Others: ₹3.51
Inter segment eliminations: ₹(48.48)
Segment Assets (Rs. Crores)
Financing: ₹254,847.97
Insurance: ₹24,094.37
Others: ₹168.72
Other Unallocable assets: ₹1,291.81
Inter Segment Assets: ₹(826.58)
Total: ₹279,576.29
Segment Liabilities (Rs. Crores)
Financing: ₹223,967.60
Insurance: ₹20,558.06
Others: ₹5.14
Inter Segment liabilities: ₹(826.58)
Total: ₹243,704.22
Capital Employed (Rs. Crores)
Financing: ₹30,880.37
Insurance: ₹3,536.31
Others: ₹163.58
Unallocable: ₹1,291.81
Total: ₹35,872.07
Subsidiary and Joint Venture Performance
Cholamandalam Investment & Finance Company Ltd (CIFCL)
- Company holds 43.74% stake
- Disbursements: ₹29,612 crore in Q1 FY27 vs ₹24,325 crore in Q1 FY26 (22% growth)
- PAT: ₹1,654 crore in Q1 FY27 vs ₹1,136 crore in Q1 FY26 (46% growth)
- Assets under management: ₹2,54,392 crore as at June 30, 2026 (23% growth YoY)
Cholamandalam MS General Insurance Company Ltd (CMSGICL)
- Company holds 60% stake
- Gross Written Premium (GWP): ₹2,189 crore in Q1 FY27 vs ₹2,073 crore in Q1 FY26 (6% growth)
- PAT: ₹128 crore in Q1 FY27 vs ₹119 crore in Q1 FY26
- Investment book: ₹19,172 crore as of June 30, 2026
- CMSGICL has obtained forbearance from IRDAI for implementation of IND AS till March 31, 2027
Cholamandalam MS Risk Services Ltd (Joint Venture)
- Company holds 49.5% stake
- Total income: ₹24.86 crore in Q1 FY27 vs ₹20.44 crore in Q1 FY26
- PAT: ₹0.94 crore in Q1 FY27 vs ₹1.23 crore in Q1 FY26
Notes to Financial Results
Standalone Notes
1. The Company is a Core Investment Company with no separate reportable segments
2. Figures for quarter ended March 31, 2026 are balancing figures between audited FY26 and published nine months ended December 31, 2025
3. Prior period figures regrouped for current period presentation
Consolidated Notes
1. Consolidated entities include subsidiaries, joint ventures, and associates as listed in the document
2. Insurance contracts recognized as per IND AS 104 as CMSGICL has forbearance from IRDAI for IND AS implementation till FY27
3. Impact of New Labour Code effective from November 21, 2025: increased employee benefits expense by ₹57.40 crores for year ended March 2026
4. Segment reporting based on evaluation by Chief Operating Decision Maker as per Ind AS 108