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Earnings Call

Cholamandalam Financial Holdings Earnings Call: Key Takeaways

Q3 FY26 earnings call for Cholamandalam MS General Insurance (Chola MS). Performance impacted by loss of crop insurance and increased provisioning for motor third-party claims.

Highlights
Revenue growthGDPI ₹2,067cr (Q3); ₹5,714cr (9M FY26).
MarginsCombined ratio at 116.2% (9M); Motor OD loss ratios up 8-9%.
Demand visibilityGrowth in non-crop business visible after 1/n accounting base effect.
Management confidenceConfident in improving numbers in ensuing quarters through corrective sourcing.

Growth

GDPI at ₹2,067cr for Q3; non-crop business growth visible. Motor market share at 5.25%.

Outlook

Targeting 16-18% ROE over medium term. Plans to participate in new 3-year crop insurance tenders.

Risks

Rising motor OD loss ratios, absence of third-party premium hikes, and competitive intensity in motor segments.

Source

Earnings Call filed with NSE, NSE: CHOLAHLDNG. Summary written with AI assistance from the document.

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Cholamandalam Financial Holdings Ltd: key numbers

Share price
₹1,400.60
Market cap
₹26,300 Cr
Revenue (annual)
₹39,073 Cr
Net profit (annual)
₹2,441 Cr
P/E (TTM)
9.8×Sector 23.2×
Promoter holding
46.43%+0.05% QoQ
FII holding
13.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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