Cholamandalam Investment and Finance has been losing for the past two days. Today though it opened flat, it soon dropped over 8% to hit an intraday high at Rs.143.05. Its 10% LC for the day stands at Rs.140.20.

The company declared a 85% (YoY) drop in net profit for Q4FY20 at Rs.43 crore, mainly on account of the one-time provision of Rs.504 crore for the pandemic contingency. But for this provision, its net profit would have been at Rs.370 crore, up 27%. \

While the company itself has not availed of any moratorium, 75% of its loan book is under moratorium and has extended the moratorium to 76% of its customers and most of them are expected use it in the second stage (June-August) as well.

Currently, the company has cash in hand and sanctioned lines of around Rs 10,000 crore as of May 31, 2020. 

Disbursements were down 36% in Q4 due to the Covid-19 lockdown and this had caused a decline of 4% for the full-year disbursement.

Over 90% of its branches have become operational till date.