Cholamandalam Board Approves Rs.5,000 Crore QIP Alongside Q2 Results

Q2 PAT Rs1,630 Cr, up 41% YoY, AUM Rs2,68,009 Cr, up 25% YoY on disbursements Rs35,872 Cr, up 47%; Stage 3 improved to 3.25% and CAR to 20.62%. Board approved up to Rs5,000 Cr QIP. Context: completes CCD conversion and adds to strong capital base.