{"url":"https://newsforagent.com/news/2026-10-28/cholamandalam-q2-profit-qip-approval","markdown_url":"https://newsforagent.com/news/2026-10-28/cholamandalam-q2-profit-qip-approval.md","title":"Cholamandalam Profit Rises 41% to Rs 1,630 Crore","headline":"Cholamandalam Investment Q2 Profit Jumps 41% to Rs 1,630 Crore as Board Clears Rs 5,000 Crore QIP","description":"Cholamandalam Investment posted a 41% rise in September-quarter profit to Rs 1,630 crore and won board approval for a Rs 5,000 crore qualified institutional placement.","section":"Earnings & Results","published_at":"2026-10-28T08:36:41+00:00","modified_at":"2026-10-28T08:36:41+00:00","author":"News Desk","key_takeaways":["Cholamandalam Investment's standalone profit after tax rose 41% year-on-year to Rs 1,630 crore for the September quarter of FY27.","Assets under management grew 25% to Rs 2.68 lakh crore as of September 30, 2026.","The board approved raising up to Rs 5,000 crore through a qualified institutional placement of equity shares and/or eligible securities convertible into equity shares."],"companies":[{"name":"cholamandalam investment and finance company","is_primary":true,"profile_url":null,"website":"https://cholamandalam.com"}],"source":{"publisher":"Zee Business","title":"Cholamandalam Investment Q2 Results: PAT rises 41% to Rs 1,630 crore, beats estimates; board approves Rs 5,000 crore QIP","url":"https://www.zeebiz.com/companies/news-cholamandalam-investment-q2-results-pat-rises-41-to-rs-1630-crore-beats-estimates-board-approves-rs-5000-crore-qip-404700"},"other_sources":[{"publisher":"The Motley Fool","url":"https://www.fool.com/investing/2026/10/25/microsoft-alphabet-and-amazon-make-up-about-15-of-the-s-and-p-500-all-3-report-earnings-within-2-days/?source=iedfolrf0000001"},{"publisher":"Financial Express","url":"https://www.financialexpress.com/mutual-funds/nippon-india-gold-savings-fund-direct-plan-growth-inf204k01yc4/"}],"tags":["Earnings & Results","cholamandalam investment and finance company"],"body_markdown":"Cholamandalam Investment and Finance Company reported a 41 per cent year-on-year rise in standalone profit after tax to Rs 1,630 crore for the September quarter of FY27, and its board approved raising up to Rs 5,000 crore through a qualified institutional placement. [Zee Business](https://www.zeebiz.com/companies/news-cholamandalam-investment-q2-results-pat-rises-41-to-rs-1630-crore-beats-estimates-board-approves-rs-5000-crore-qip-404700) put the profit ahead of its estimate of Rs 1,585 crore. Cholamandalam Investment and Finance Company is a non-banking financial company whose lending spans vehicle finance, loans against property, home loans, small and medium enterprise loans, consumer and small enterprise loans, and gold loans.\n\n## Cholamandalam's Quarter and the Rs 5,000 Crore QIP\n\nNet income for the quarter rose 24 per cent year-on-year to Rs 5,037 crore, and profit before tax grew 40 per cent to Rs 2,187 crore from Rs 1,565 crore a year earlier. For the first half of FY27, net income increased 26 per cent to Rs 9,967 crore and profit after tax rose 43 per cent to Rs 3,284 crore.\n\nAssets under management increased 25 per cent year-on-year to Rs 2,68,009 crore as of September 30, 2026, from Rs 2,14,906 crore, above the 23 per cent growth Zee Business had estimated. Aggregate disbursements were Rs 35,872 crore in the quarter and Rs 65,484 crore in the first half. Vehicle finance disbursed Rs 17,801 crore in the quarter, and its AUM rose 21 per cent to Rs 1,29,787 crore. The small and medium enterprise loan book grew fastest, with AUM up 45 per cent to Rs 10,943 crore.\n\nThe board approved the QIP of equity shares and/or eligible securities convertible into equity shares, to be offered to eligible qualified institutional buyers in one or more tranches. Price and other terms will follow Securities and Exchange Board of India regulations and are subject to necessary approvals. Stage 3 assets stood at 3.25 per cent as of September 2026, against 3.29 per cent at the end of June 2026, and the capital adequacy ratio was 20.62 per cent against a regulatory requirement of 15 per cent.\n\n## Earnings Season Across the Sector\n\nMicrosoft, Alphabet and Amazon make up about 15% of the S&P 500 and report earnings within two days, with Microsoft and Alphabet on October 28 and Amazon on October 29, [The Motley Fool](https://www.fool.com/investing/2026/10/25/microsoft-alphabet-and-amazon-make-up-about-15-of-the-s-and-p-500-all-3-report-earnings-within-2-days/?source=iedfolrf0000001) reported on October 26. Nippon India Gold Savings Fund Direct Plan Growth had a net asset value of ₹133.33 and assets under management of ₹27,321 crore, [Financial Express](https://www.financialexpress.com/mutual-funds/nippon-india-gold-savings-fund-direct-plan-growth-inf204k01yc4/) reported on October 27.\n\n## Cholamandalam's QIP Terms Await Approval\n\nThe QIP's price and other terms will be set under applicable Sebi regulations and remain subject to the receipt of necessary approvals, the company said. The issue may be made in one or more tranches.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}