Chennai/Mumbai, May 2023: The Board of Directors of CIFCL approved the audited financial results for the quarter and year ending 31st March 2023. Highlights: Chola has delivered the best-ever disbursals, collections, and profitability in Q4 FY23. Chola has gained market share across the product segment in VF and other business units. The overall PV Industry sales in FY23 rose to 38.89 lakh units, an increase of 27 percent from 30.69 lakh units in 2021-22. Loan Against Property & SME loans witnessed strong growth in the current fiscal on the back of lower growth during the pandemic period, amidst a revival in demand from smaller businesses. Leveraging the industry growth, Chola has improved market share across Product segments. Retail AUM of NBFCs is expected to grow at a healthy 12-14% in FY2024, after a strong rebound in FY2023.