Cholamandalam Financial Holdings Ltd · NSE:CHOLAHLDNG
Cholamandalam Financial — Q2 FY26 Earnings Presentation
69 slides from Cholamandalam Financial's earnings presentation, Nov 7, 2025
Slide 1: Stock exchange cover letter for analyst/investor presentation
November 7, 2025 The Manager The Secretary Listing Department BSE Limited, National Stock Exchange of India Ltd 25th Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Fort, Plot No.C-1, Block G Mumbai 400 001 Bandra-Kurla Complex Bandra (E) Mumbai 400 051 Symbol : CHOLAHLDNG
Slide 2: Corporate Presentation – Q2-FY26
CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED CORPORATE PRESENTATION – Q2-FY26 1
Slide 3: Murugappa Group in a Nutshell
Murugappa Group in a Nutshell FINANCIAL AGRICULTURE ENGINEERING SERVICES Market Cap(Cr.) 66,806 18,203 17,588 59,888 1,16,663 1,35,478 NA 35,579 Turnover (Cr.) 24,085 31,609 4,834 7,431 9491 25,846 8,927 86 2,055 1,773 293 1,297 974 4,263 507 65 PAT(Cr.) 125 Years of $10.2 Consolidated Years Existen
Slide 4: Cholamandalam Financial Holdings Limited (Core Investment Company)
Cholamandalam Financial Holdings Limited (CFHL) (Core Investment Company) 44.37% 60.00% 49.50% Cholamandalam Cholamandalam MS Investment and Cholamandalam MS General Insurance Risk Services Limited Finance Company Company Limited Limited (CIFCL) (CMSRSL) (CMSGICL) • Subsidiary (as per Ind AS) • Join
Slide 5: Shareholding Pattern
Shareholding Pattern Institutional Holders (More than 1%) Shareholding Pattern as of September 30, 2025 Top Domestic Institutional Holdings Others, 16.04% NIPPON LIFE INDIA TRUSTEE LTD- A/C NIPPON INDIA GR SBI LARGE & MIDCAP FUND AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL F HDFC LARGE AND MID
Slide 6: Performance Highlights - Consolidated
Performance Highlights - Consolidated Rs.in Cr. Revenue Profit after tax EPS (Rs.) Q2 FY26 9,589 1,214 29.28 17% 8% 5% Rs.in Cr. Revenue Profit after tax EPS (Rs.) Q2 FY25 8,180 1,125 27.99 H1 FY26 18,972 2,474 60.09 20% 8% 5% H1 FY25 15,857 2,285 57.19
Slide 7: Performance Highlights - Consolidated
Performance Highlights - Consolidated Profit After Tax (Rs.in crs) Profit After Tax (Rs. in crs) 1,400 3,000 1,214 1,200 1,155 1,125 2,500 963 2,474 1,000 2,291 2,285 2,000 800 1,905 1,500 600 1,000 400 200 153 500 165 46 13 9 364 18 16 - - CIFCL CMSGICL Others CFHL Consol CIFCL CMSGICL Others CFHL
Slide 8: Financial Performance & Metrics
Financial Performance & Metrics CFHL - Standalone CIFCL H2 FY26 H2 FY25 Particulars (Rs. in Cr) H2 FY26 H2 FY25 Disbursements (Rs. in Cr) 24,442 24,314 As of As of Income 33.72 31.71 30-Sep-2025 31-Mar-2025 Expenses 1.60 1.46 Asset Under Management (Rs. in Cr) 214,906 177,426 Profit Before Tax 32.12
Slide 9: Regulatory Ratios of CFHL
Regulatory Ratios of CFHL Rs Crs As of As of Particulars September 30, 2025 March 31, 2025 Owned Funds (A) 1,348.84 1,336.20 Adjusted Networth (B) 29,585.94 25,840.63 Risk Weighed Assets ( C) 1,293.41 1,292.60 Outside Liabilities (D) 2.53 4.13 Net assets (E) 1,291.15 1,290.82 Investment in equity sh
Slide 10: Cholamandalam Investment and Finance Company Limited
Cholamandalam Investment and Finance Company Limited 9
Slide 11: Disbursements
Disbursements Disbursements (₹Cr) Disbursements (%) 0% * 48,646 * 48,767 0.4% 567 2% 2% 1% 580 744 1% 1% 2% 1% 2% 4,119 3,286 9% 7% 8% 6% 8% 7% 4,188 9% 9% 9% 7,075 14% 15% 15% 3,461 7% 7% 7% -0.03% 1% 3,601 7% 7% 7% 9,336 19% 19% 19% * 24,325 * 24,442 8,170 16% 17% * 24,332 100 * 24,314 467 18% 268
Slide 12: Assets Under Management
Assets Under Management Business - Assets under Management (₹Cr) Business - Assets under Management (%) * 1,99,159 0.1% 0.2% * 1,92,148 1% 1% 1% 1% 456 4% 4% 97 2,932 4% 4% 2,671 8% 7% 9% 7% 7,544 * 1,55,442 7,119 * 1,64,642 13,952 10% 10% 14,199 1,863 9% 10% 1,618 5,877 20,405 5,576 19,399 14,175 1
Slide 13: Profitability and Net worth
Profitability and Net worth Profit after tax (₹Cr) Networth (₹Cr) 2,291 *25,895 *24,715 168 1,905 168 *21,365 *20,525 168 168 1,136 1,155 24,547 25,726 942 963 21,196 20,357 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 Reserves and Surplus Equity Share Capital * To
Slide 14: Chola – Stage 3 Assets Trend
Chola –Stage 3 Assets Trend As per revised RBI norms GNPA% & NNPA% as of Sep25 is at 4.57% and 3.07%, respectively. 13
Slide 15: Vehicle Finance
Vehicle Finance Primary Colours 14
Slide 16: Vehicle Finance: Q2FY25 & H1FY25 Performance
Vehicle Finance: Q2FY25 & H1FY25 Performance • Disbursements grew by 5% in Q2FY25 to Rs. 12,336 Cr as Disbursements compared to Q2FY24 and by 9% in H1FY25 to Rs.25,102 as compared to H1FY24. Assets under • AUM has grown by 22% YoY. management Loss and • Loan losses at 1.8% in Q2FY25 from 1.7% in Q2F
Slide 17: Vehicle Finance: Q2 FY26 & H1 FY26 Performance
Vehicle Finance: Q2 FY26 & H1 FY26 Performance Disbursements grew by 10% in Q2 FY26 to Rs. 13,539 Cr as Disbursements compared to Q2 FY25 and by 8% in H1 FY26 to Rs.27,186 as compared to H1 FY25. Assets under AUM has grown by 17% YoY. management Loss and Loan losses at 2.1% in Q2 FY26 from 1.8% in Q
Slide 18: Sector outlook – Vehicle Finance business (1/3)
Sector outlook – Vehicle Finance business (1/3) Sector Outlook Sector Outlook ▪ The Heavy Commercial Vehicle (HCV) ▪ The Heavy Commercial Vehicle (HCV) segment witnessed 2% growth in Q2 FY26 & segment witnessed 2% growth in Q2 FY26 & de-growth of 2% in H1 FY26. The segment de-growth of 2% in H1 FY26
Slide 19: Sector outlook – Vehicle Finance business (2/3)
Sector outlook – Vehicle Finance business (2/3) Sector Outlook Chola’s Position ▪ The Heavy Commercial Vehicle (HCV) ▪ Our focus will remain on sustaining retail segment witnessed 2% growth in Q2 FY26 & momentum and leveraging rural demand. de-growth of 2% in H1 FY26. The segment demonstrated resili
Slide 20: Sector outlook – Vehicle Finance business (3/3)
Sector outlook – Vehicle Finance business (3/3) Sector Outlook Chola’s Position ▪ The Construction Equipment segment had a ▪ With an exposure of around 6% at the de-growth of 9% in Q2 & 7% in H1 FY26, portfolio level, our efforts will remain primarily due to the high base effect of directed on build
Slide 21: Auto Industry Outlook
Auto Industry Outlook Trend in Domestic LCV Sales Trend in Domestic SCV Sales Chola 4 year Chola 4 year Chola YoY growth rate 11% (in Units) Chola YoY growth rate 13% CAGR 4% CAGR (9%) CAGR @ 5% 150387 (in Units) 51512 CAGR @ 5% 129910 48224 47299 121868 113953 114195 41658 40743 Q2 FY23 Q2 FY24 Q2
Slide 22: Auto Industry Outlook
Auto Industry Outlook Trend in Domestic HCV Sales Trend in Domestic Car & MUV Sales Chol a 4 year Chola YoY growth rate 18% (in Units) Chola 4 year Chola YoY growth rate 9% CAGR @ 7% CAGR 16% (in Units) CAGR 10% Industry 4 year CAGR 0% CAGR @ 5% 81957 1204855 76628 1076397 1056394 1027922 1040799 66
Slide 23: Ecosystem Play in the AUTO Sector
Ecosystem Play in the AUTO Sector CV PV Low Industry Low Low Industry Low Chola Position Chola Position Principal Operator Salaried > 50 Vehicles Large Operators 26- 50 vehicles HCV Self Employed with Returns Returns Financials RISK RISK Medium Operators 10 -25 – HCV & LCV vehicles Taxi and Tour Ope
Slide 24: Ecosystem Play in the AUTO Sector
Ecosystem Play in the AUTO Sector Tractor CE Low Industry Low Low Industry Low Chola Position Super Strategic Chola Position Large Farmer Strategic Customer Captive Users / Prior Vehicles Captive Users/Prior Vehicles Returns Returns Medium Retail operator RISK RISK Medium Farmers Small Retail Operat
Slide 25: Vehicle Finance - Disbursement/Portfolio Mix Statewise – Q2 FY26
Vehicle Finance - Disbursement/Portfolio Mix Statewise – Q2 FY26 Well diversified across geography Disbursements - State wise Portfolio - State wise Dadra and Nagar Haveli Dadrq and Nagar Haveli & Daman and Diu & Daman & Diu MP AP Karnataka MP AP 0.05% 0.04% Karnataka Maharashtra Maharashtra 5% 5% 6
Slide 26: Vehicle Finance - Disbursement/Portfolio Mix – Q2 FY26
Vehicle Finance - Disbursement/Portfolio Mix – Q2 FY26 Well diversified product segments Disbursements (%) - Product wise Portfolio (%) - Product wise HCV HCV 6% 7% 3 Wheeler LCV 3 Wheeler CE 1% 16% CE 1% LCV 6% 5% 19% 2 Wheeler 2 Wheeler 7% 10% MUV 11% MUV Used Vehicles 12% 28% CAR Used Vehicles 11
Slide 27: Vehicle Finance - Disbursement Mix – Quarter-wise
Vehicle Finance - Disbursement Mix – Quarter-wise Disbursement (₹Cr) - Product wise Disbursement (%) – Product wise * 14,390 * 14,430 816 * 13,647 * 13,539 912 5% 5% 5% Yield 670 6% 6% Low 854 1,051 632 * 12,336 6% 782 768 6% 6% 7% 6% 637 683 2,116 2,333 2,367 2,146 15% 15% 17% 16% 16% Medium 1,896
Slide 28: Vehicle Finance - Portfolio Mix – Quarter-wise
Vehicle Finance - Portfolio Mix – Quarter-wise Portfolio (₹Cr) - Product wise Portfolio (%) – Product wise * 1,07,568 * 1,04,720 5% 6% 6% * 1,01,257 6% 6% * 96,673 6,600 7% 6,571 7% 7% 7% 7% * 92,012 6,490 7,172 Low Yield 6,232 7,058 6,882 5,842 6,398 20% 19% 19% 19% 19% 6,083 20,753 20,158 19,277 1
Slide 29: Vehicle Finance - Disbursements and Asset Under Management
Vehicle Finance - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under management (₹Cr) 27,186 *1,04,720 *1,07,568 4 25,102 6 *88,638 *92,012 27 18 13,647 13,539 1,04,714 1,07,564 12,766 12,336 88,611 91,994 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25
Slide 30: Vehicle Finance - Income and Profit before tax
Vehicle Finance - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 7,858 1,319 1,251 6,688 4,010 691 3,848 628 631 620 3,255 3,433 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 29
Slide 31: Loan Against Property
Loan Against Property ary Colours 30
Slide 32: Loan Against Property – Q2FY25 & H1FY25 Performance
Loan Against Property – Q2FY25 & H1FY25 Performance Disbursements grew by 8% in Q2 FY26 to Rs. 4,630 Cr as compared to Q2 Disbursements FY25 and by 14% in H1 FY26 to Rs.9,336 Cr as compared to H1 FY25. Asset under AUM has grown by 33% YoY. management Loan losses at 0.3% in Q2 FY26 from 0.1% in Q2 FY
Slide 33: Loan Against Property: Industry outlook
Loan Against Property: Industry outlook Sector Outlook Chola’s Position • As per ICRA, NBFC retail expanded at 18% during • Chola’s LAP team continues to focus on retail FY25, Significantly declining from 29% growth in customers especially in smaller towns and rural FY24. This segment to grow at mod
Slide 34: Loan Against Property - Disbursements and Asset Under Management
Loan Against Property - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) * 46,302 * 43,943 9,336 4,842 4,226 8,170 * 34,824 * 32,135 702 759 4,705 4,630 39,717 41,460 4,295 3,874 34,121 31,376 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q
Slide 35: Loan Against Property – Income and Profit before tax
Loan Against Property – Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 2,856 836 2,097 587 1,474 1,382 431 405 1,091 1,006 292 295 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 34
Slide 36: Home Loans
Home Loans Primary Colours 35
Slide 37: Home Loans – Q2 FY26 & H1 FY26 Performance
Home Loans – Q2 FY26 & H1 FY26 Performance Disbursements at Rs. 1,697 Cr in Q2 FY26 as compared to Rs. Disbursements 1,823 Cr in Q2 FY25 and at Rs. 3,461 Cr in H1 FY26 as compared to Rs. 3,601 Cr in H1 FY25. Asset under AUM has grown by 28% YoY. management Loss and Loan losses at 0.5% in Q2 FY26 as
Slide 38: Home Loans - Industry outlook
Home Loans - Industry outlook Sector Outlook Chola’s Position • Moderation in business growth in FY2025 & Q1 FY2026 • Chola continues to expand its reach into smaller vis-à-vis FY2024 resulting in book growth by 21% YOY in villages and towns, focusing on the underpenetrated FY25 and Q1FY 26. The und
Slide 39: Home Loans - Disbursements and Asset Under Management
Home Loans - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) -4% *20,405 *19,399 267 3,601 281 3,461 *15,892 *14,565 326 341 -1% -7% 19,117 20,138 1,764 1,823 1,697 15,566 14,224 1,778 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25
Slide 40: Home Loans - Income and Profit before tax
Home Loans - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 1,518 401 334 1,175 789 219 729 182 617 163 171 558 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 39
Slide 41: Funding Profile
Funding Profile <&} Chola aXe 49 Murugappa Financial Holdings
Slide 42: CAR and Credit Rating
CAR and Credit Rating Capital Adequacy Ratio (CAR) – As per RBI guideline Tier I Tier II 18.57 19.75 19.96 20.00 17.13 2.35 3.47 5.34 5.65 5.41 14.78 15.10 14.41 14.31 14.59 FY23 FY24 FY25 Q1FY26 Q2FY26 Minimum CAR Stipulated by RBI is 15% & for Tier I is 10% Loan type India ratings Care ICRA Crisil
Slide 43: Diversified Borrowings Profile (I/II)
Diversified Borrowings Profile (I/II) ₹ Cr Borrowing mix by instrument type * 1,57,794 * 1,67,076 * 1,74,946 * 1,81,304 * 1,87,515 3% 3% 3% 2% 1% 2% 1% 1% 1% 2% 1% 3% 2% 1% 3% 5% 3% 3% 3% 2% 17% 15% 14% 16% 18% 6% 8% 7% 7% 6% 5% 6% 7% 7% 7% 11% 11% 11% 12% 11% 45% 46% 44% 44% 43% 5% 6% 6% 7% 6% Q2FY
Slide 44: Diversified Borrowings Profile (II/II)
Diversified Borrowings Profile (II/II) ₹ Cr Borrowing mix by investor type * 1,57,794 * 1,67,076 * 1,74,946 * 1,81,304 * 1,87,515 5% 6% 7% 7% 6% 18% 17% 15% 14% 16% 0.3%2% 0.3% 2% 0.2% 2% 3% 0.3% 3% 7% 0.3% 6% 6% 8% 7% 53% 52% 52% 52% 51% 1% 1% 1% 1% 1% 6% 7% 7% 7% 6% 6% 5% 5% 6% 7% 3% 3% 3% 3% 3% Q
Slide 45: ALM Statement as of 30th Sep 2025 (As per IND AS)
ALM Statement as of 30th Sep 2025 (As per IND AS) (₹Cr) Particulars 1m >1 to 2m >2 to 3m >3 to 6m >6m to 1 yr >1 to 3 yr >3 to 5 yr >5 yr Total Cash & Bank Balances 4,319.66 641.84 3,156.49 1,866.39 1,991.91 2,324.05 1,163.73 1,526.49 16,990.55 Advances 6,188.13 5,766.64 5,249.76 17,983.53 30,847.13
Slide 46: Cholamandalam MS General Insurance Company Limited
Cholamandalam MS General Insurance Company Limited Financial data in this section is as per IGAAP 45
Slide 47: Chola MS General Insurance: Brief Overview
Chola MS General Insurance: Brief Overview Murugappa Group Mitsui Sumitomo Insurance, Japan ◼ Murugappa Group - India's leading business ◼ Mitsui Sumitomo Insurance - part of MS&AD – one of conglomerate the largest insurance group in the world. ◼ Founded in 1900, Headquartered in Chennai, the INR 90
Slide 48: Key Financial Parameters (Rs. Crs)
Key Financial Parameters (Rs. Crs) Particulars – In Rs. Cr FY’24 FY’25 Q2 FY 25 Q2 FY 26 H1 FY25 H1 FY26 Gross Written Premium$ 7598 8328 2191 2221 4136 4217 NEP 5079 5806 1413 1670 2732 3190 U/W Results -659 -661 -188 -247 -315 -435 Investment income (Net) 1116 1307 342 368 658 712 PBT 444 681 171
Slide 49: Financial Performance (Rs. Crs)
Financial Performance (Rs. Crs) Excluding 1/n impact With 1/n impact Particulars (In Rs. Crs) Q2 FY 26 YTD Sep FY26 Q2 FY 26 YTD Sep FY26 GWP 2321 4420 2221 4217 GWP growth 5.9% 6.9% 1.37% 1.97% PAT 116 247 91 198 PAT Growth -9.0% -5.2% -28.7% -24.2% ROE (not annualised) 3.6% 7.6% 2.8% 6.2% COR# 112
Slide 50: LOB Wise - Monthly Growth Trends of Multi-line Insurers
LOB Wise - Monthly Growth Trends of Multi-line Insurers LOB Wise - Growth trends In H1 FY26, Other ▪ Growth in Other Particulars Months Fire Comml Motor Health PA Crop Others Total Commercial lines in line Lines with Pvt sector Q1 FY'26 17.1% 10.2% 8.7% 7.3% 41.3% -48.1% 3.4% 8.9% ▪ Loss of crop ins
Slide 51: Among the Top ranked GI Players supported by strong growth
Among the Top ranked GI Players supported by strong growth GWP growth 1.5 times of Industry growth in last 4 years Rs In Crs (CAGR FY2021 - FY 2025 = 17.3%) H1 FY’2026 8328 7598 6200 4400 4854 4217 5.3% Market share in Motor Insurance FY'21 FY'22 FY'23 FY'24 FY'25 H1 FY'26 Growth vis-à-vis peers / i
Slide 52: Key Financial Indicators
Key Financial Indicators GWP (INR Cr) and Growth (%) Return on Net Worth – Not Annualized (%) Includes RI Inwards 900 0 22.5% 251 25. 0% 800 0 18.5% 4217 20. 0% 8328 700 0 600 0 7598 4136 202 15. 0% 14.3% 2221 500 0 400 0 9.2% 10. 0% 300 0 100 2.0% 10.0% 11.6% 9.6% 200 0 1.4% 5.0 % 100 0 2191 0 0.0
Slide 53: Capital efficiency - No Capital Infusion in last 13 years
Capital efficiency - No Capital Infusion in last 13 years Rs In Crs 2492 2999 2753 3197 Net Worth 2557 2,755 2,311 2050 442 442 442 442 FY'24 FY'25 H1 FY'25 H1 FY'26 Capital Invested Reserves ▪ Accumulated profits @ 86.2% of Net worth (Rs.3197 Crs) as on Sep’25 ▪ Total Capital infused is Rs. 442 Crs
Slide 54: Claims Ratio (%)
Claims Ratio (%) Line of Business FY’24 FY’25 Q2 FY’25 Q2 FY’26 H1 FY’25 H1 FY’26 Motor OD 72.8% 73.6% 75.7% 85.8% 75.4% 83.2% Motor TP* 76.0% 72.2% 71.2% 78.1% 71.8% 79.3% Motor Total 75.1% 72.6% 72.6% 80.7% 72.9% 80.6% Health, Travel & PA@ 66.7% 73.0% 71.4% 88.4% 70.6% 85.8% Crop 104.2% 99.0% 100.
Slide 55: Investment Book Overview (Rs In Crs)
Investment Book Overview (Rs In Crs) Category Mar-24 Mar-25 Jun-25 Sep-25 Govt Securities 10121 7871 7591 6863 PSU / Corporate Bonds 5475 8779 9243 9911 Equity 583 1001 1007 1140 Others 322 600 300 468 Grand Total 16501 18251 18141 18382 Yield with profit on sale 7.1% 7.5% 7.0% 7.1% Yield without pr
Slide 56: Dominance in Motor, Diversification Underway
Dominance in Motor, Diversification Underway Motor Market Share (Largest GI Segment) Strategized diversification across Motor eco-system GI Market Share by GWP 75.6% 75.1% 72.6% 80.6% 19.6% 16.7% 14.9% 11.6% 5.4% 5.5% 36.7% 43.8% 42.8% 5.3% 5.3% 44.6% 42.3% 51.7% FY'23 FY'24 FY'25 H1 FY'26 35.9% 39.
Slide 57: Dominance in Motor, Gaining Prominence in Other Segment
Dominance in Motor, Gaining Prominence in Other Segment 1.8% 1.9% 6.2% 9.4% 8.9% 4.8% 3.1% 6.0% 4.0% 7.3% 7.7% 2.5% 5.3% 4.5% 4.8% 7.5% 5.9% 5.2% 6.3% Crop 7.1% 15.0% 12.0% 11.0% 16.7% PA & Others 13.6% Group Health Retail Health Commercial 65.9% 65.4% 64.1% 67.6% 58.8% Motor FY'24 H1 FY'25 FY'25 (1
Slide 58: Retail Focused Diversified Operations
Retail Focused Diversified Operations Retail dominated business mix Steady growth in policy issuance over the years No. of policies issued (in Lacs) Commercial 25.2% 137 130 121 54 Retail 74.8% FY'23 FY'24 FY'25 H1 FY'26 Significant growth in retail oriented policies Geographic Presence – Mix % # of
Slide 59: Multi-Channel Model Ensures Less Concentration & Diversified Revenue Stream
Multi-Channel Model Ensures Less Concentration & Diversified Revenue Stream Channel wise Mix% 8.8% 9.9% 10.4% 13.8% 13.9% 11.0% 11.7% 14.1% 5.5% 5.3% 36.5% 41.7% 38.6% 51.3% 48.6% 29.2% 25.5% 25.3% 18.7% 20.5% 14.5% 11.4% 11.5% 10.6% 11.7% FY'24 FY'25(1/n) H1 FY'25 H1 FY'26 (1/n) H1 FY'26 Banks Corp
Slide 60: Technology Transformation Initiatives
Technology Transformation Initiatives Core PAS System Upgrade Adoption of new Work flow Solutions ▪ Agile configuration capabilities to enable faster time to ▪ Working on upgrading workflow solution for increased market with new product launches productivity across user groups ▪ Out of the box micro
Slide 61: We Continue to Invest Further in Tech & Data to Power our Future Digital Journey
We Continue to Invest Further in Tech & Date to Power our Future Digital Journey 3 4 Data Enablement Digital Enablement & Tech Transformation • Enablement of analytics use cases – Analytics in fraud management, renewals, cross-sell, • Digitally enabling the sales force up-sell – A super app powering
Slide 62: Centralized Data Platform in Place
Centralized Data Platform in Place having Ability to Power Data Intensive Application and Deploying Analytical Models Digital Sales Apps Technical Reports Foundational capabilities allows us quicker Analytics Models onboarding for analytical use cases Analytics COE Native AWS stack being used to bui
Slide 63: Indian General Insurance: Large addressable market
Indian General Insurance: - Large addressable market Significantly underpenetrated Premium as a % GDP Non-Life Insurance Density (Premium per capita) (CY24) (US$) (CY24) (US$) 9.4 7995 5.3 2.6 2.0 2.4 1.9 1.9 1894 1359 1.0 0.7 0.6 654 245 193 151 97 30 25 China Indonesia UK Brazil Russia Japan USA I
Slide 64: Industry has Witnessed Strong Growth Over the last 15 Years
Industry has Witnessed Strong Growth Over the last 15 Years General Insurance Gross Premium has grown >10x over the last 15 years Growth of 7.3% over H1 FY’26 (Rs In Cr) CAGR (Last 15 Years) = 14.9% 2,89,738 3,07,659 2,56,912 2,20,772 1,89,302 1,98,724 1,50,572 1,70,036 1,65,157 1,28,213 96,394 58,3
Slide 65: Motor & Retail Health are the Largest GI Segment
Motor & Retail Health are the Largest GI Segment and Continue to Grow at Steady Pace Motor accounts for 39.9% share of the overall GWP for Private General Insurers (single largest segment) Motor Claim ratio (Private Motor Insurance– GWP Rs in Crs) (Private Motor Insurance– Claims Ratio) CAGR: 14% 83
Slide 66: Favorable Regulations Aiding Growth
Favorable Regulations Aiding Growth Amendment to Acts expected to improve profitability and growth across segments Growth Oriented Requiring Tweaks Impending Product Regulations Rural / Social / TP Obligations Courts’ recognition of amended MV Act Use and File across lines Claim initiation time
Slide 67: Contact us
Contact us Cholamandalam Financial Holdings Limited (CFHL), Dare House, No. 234, NSC Bose Road, Parrys, Our registered Chennai 600001. office Land Line: 044–4090 7638 / 2530 6486 http://www.cholafhl.com Email-ID Krithika E - Company Secretary–krithikae@cfhl.murugappa.com 66
Slide 68: Disclaimer
Disclaimer • Certain statements included in this presentation may be forward looking statements made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Cholamandalam Financial Holdings Ltd and its subsidiaries. There can be no assur
Slide 69: Thank You
Thank You <> Chola 2% Financial Holdings murugappa
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