Guidance ledger · Q4 FY26

Cholamandalam Investment & Finance CHOLAFIN

3 revisions on record · 0 lowered · 1 raised — the strikethrough is what management used to say

directional guidance only · held across quarters

Holding view → · latest concall · The pulse

↑ raised Vehicle Finance disbursement growth Q1 FY26 → Q4 FY26

~~10-12% FY26~~ → 15-20% FY27 / 18% asset

“are guiding towards disbursement growth of around 15% to 20% and asset growth of”

→ narrowed Company net credit cost Q1 FY26 → Q4 FY26

~~1.5% / 150 bps FY26~~ → 1.5% FY27 (1.6% pre-overlay)

“growth trajectory of 20% to 23%. We are also expecting our net credit cost to decline from 1.6%”

→ narrowed Pre-tax ROA / ROTA Q1 FY26 → Q4 FY26

~~3.5% target FY27~~ → 3.5% FY27 reaffirmed

“to a pre-tax ROA of 3.5%, as previously discussed”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.