Cholamandalam Finance Approves ₹55,000 Cr NCD Issue, Q1 FY27 Results
Cholamandalam Investment and Finance Company Ltd announced its Board of Directors has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also approved raising funds up to ₹55,000 crores through the issuance of non-convertible debentures (NCDs) on a private placement basis. The financial results show a profit after tax of ₹1,653.59 crores for the standalone entity and indicate continued growth in revenue from operations. The NCD issuance is a significant move to bolster its capital base for future growth and lending activities.
Key Highlights
- Board approved unaudited Q1 FY27 financial results.
- Approved issuance of NCDs worth ₹55,000 crores.
- Fundraising via private placement of secured/unsecured NCDs.
- Standalone PAT for Q1 FY27 stands at ₹1,653.59 crores.
- Revenue from operations shows growth compared to prior periods.
Price Impact
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