Latest news with #CholamandalamMSGeneralInsuranceCompanyLtd
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Business Standard
09-05-2025
- Business
- Business Standard
Cholamandalam Financial Q4 results: Net profit rises 19% to ₹1,362 crore
Cholamandalam Financial Holdings Ltd has reported a consolidated profit after tax of Rs 1,362.18 crore for the January-March 2025 quarter, the company said on Friday. The city-headquartered company had registered a profit after tax of RS 1,143.75 crore registered during the corresponding quarter of last financial year. For the financial year ending March 31, 2025 the consolidated PAT grew to RS 4,739.88 crore from Rs 3,850.56 crore registered during the corresponding quarter of last financial year. The consolidated total income during the quarter under review grew to Rs 9,009.36 crore from Rs 7,157.31 crore recorded during the corresponding quarter of last financial year. For the financial year ending March 31, 2025 the consolidated total income surged to Rs 33,459.92 crore from Rs 26,086.76 crore registered a year ago. Cholamandalam Investment and Finance Company Ltd, in which Cholamandalam Financial Holdings Ltd, holds about 44.34 per cent stake, has recorded a 30 per cent increase in the Assets Under Management (AUM) to Rs 1,99,876 crore as on March 31, 2025 from Rs 1,53,718 crore recorded as on March 31, 2024. Cholamandalam MS General Insurance Company Ltd, in which Cholamandalam Financial Holdings Ltd, has 60 per cent stake recorded a Gross Written Premium of Rs 8,564 crore for the year ending March 31, 2025 up by 14 per cent, as compared to Rs 7,542 crore registered in the corresponding period of last financial year. Cholamandalam MS Risk Services Ltd., in which Cholamandalam Financial Holdings Ltd holds 49.5 per cent has registered a total income for the year ending March 31, 2025 at Rs 83.20 crore as against Rs 71.27 crore registered in the year ago period. The Board of Directors have recommended a final dividend of 130 per cent being Rs 1.30 per equity share of face value of Re 1 of the company, for the year ending March 31, 2025 subject to shareholders' approval, the company said.
United News of India
27-04-2025
- Business
- United News of India
Chola MS records Rs 8,328 Cr GWP
Chennai, Apr 27 (UNI) Cholamandalam MS General Insurance Company Ltd (Chola MS), a joint venture between the Murugappa Group and the Mitsui Sumitomo Insurance Group (Japan), has ended FY 2025 with a gross written premium (GWP) of Rs 8,328 crores, a growth of 9.61 % (higher than industry growth). The market share of Chola MS has grown to 3.15% amongst the multi-line players, a company release said here on Sunday. Abiding the regulatory change effective October 1, 2024 relating to reporting of GWP on long term non-motor products, Chola MS has treated such premium relating to future accounting periods as premium in advance amounting to Rs.249 crs. The Profit before Tax (PBT) for the year stood at Rs.681 crore as compared to Rs.444 crores in the previous year. PBT included one-time income by way of recovery from investments write-off in earlier years to the tune of Rs.54 crore. Chola MS ended the year with a net-worth of Rs.2,999 crore of which 85% is from earned profits over the years. The Return on equity for the year was 16.91% as against 13.3% in the previous year. UNI GV 1745
