Below are the financial statements of Cholamandalam Financial Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of INR | 2024 | 2023 |
|---|---|---|
| Revenue from operations | — | — |
| Interest income | 186,201.1a | 129,212.3a |
| Dividend income | 182.3a | 70.2a |
| Gross premium | 70,413.5a | 53,935a |
| Premium ceded to reinsurers (net) | -19,672.5a | -13,781.4a |
| Net premium | 50,741a | 40,153.6a |
| Fee & commission income | 15,669.9a | 10,350.9a |
| Net gain on fair value change on financial instruments | 4,996.8a | 860.8a |
| Service income | 244.1a | 810.9a |
| Total revenue from operations | 258,035.2a | 181,458.7a |
| Other income | 2,832.4a | 2,301.6a |
| Total income | 260,867.6a | 183,760.3a |
| Expenses | — | — |
| Finance costs | -92,494.6a | -57,780.4a |
| Insurance claims (net of re-insurance) | -38,740.2a | -29,070.9a |
| Impairment of financial instruments | -13,086.7a | -8,400.9a |
| Employee benefits expense | -29,941.6a | -18,597.1a |
| Depreciation and amortisation expense | -2,475.4a | -1,760.6a |
| Other expenses | -32,130.8a | -29,906.4a |
| Total expenses | -208,869.3a | -145,516.3a |
| Profit before tax | 51,998.3a | 38,244a |
| Tax expense/(benefit) | — | — |
| Current tax - Pertaining to profit for the current year | -13,272.6a | -9,910.6a |
| Adjustment of tax relating to earlier years | -135.1a | -2.1a |
| Deferred tax | -476a | -148.2a |
| Net tax expense | -13,613.5a | -10,060.9a |
| Profit before share of profit (loss) of associates & joint venture | 38,384.8a | 28,183.1a |
| Share of profit (loss) of associates & joint venture (net) - after tax | 120.8a | -86.9a |
| Profit for the year | 38,505.6a | 28,096.2a |
| Profit for the year attributable to equity holders of the parent | 17,725.2a | 12,902.3a |
| Non-controlling interest | 20,780.4a | 15,193.9a |
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