• With a market capitalization of ₹26,057.19 crore, Sundaram Finance Limited is a Non-Banking Financial Company (NBFC) operating in the financial services industry.
With a market capitalization of ₹26,057.19 Crore, Sundaram Finance Limited is a Non-Banking Financial Company (NBFC) operating in the Financial Services industry. Since its inception in 1954, Sundaram Finance has grown into one of India's most reputed and diversified financial services groups engaged in commercial vehicles, cars & utility vehicles, tractors & farm equipment, construction equipment, small and medium sized Offers financing to small enterprises (SMEs). ) financing, as well as a variety of working capital products for diesel, tyres, insurance and working capital financing for SMEs.
The company said in a stock exchange filing that the board of directors has declared an interim dividend of ₹12 per share (120%) for the financial year 2022-23, to be paid on March 3, 2023, to shareholders whose names are recorded on the record date. Stand on the Registrar of Members of the Company on the 17th day of February, 2023."
On a consolidated basis, the company reported a net revenue from operations of ₹1409.72 Crore as compared to ₹1286.26 Crore in Q3FY22, representing a growth of 9.60%. The company reported a net profit of ₹332.84 crore in the quarter ended December 2022 as compared to ₹288.83 crore in the quarter ending December 2021, representing a growth of 15.24%. The company's profit before tax (PBT) of ₹424.87 crore in Q3FY23, as compared to ₹346.94 crore in the year-ago quarter, representing a YoY growth of 22.46%. Sundaram Finance's EPS for Q3FY20 stood at Rs 30.20, as against Rs 26.21 in the year-ago quarter.
Sundaram Finance
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2,347.0519.05 (0.82%)
Updated - 14 February 2023
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“Economic activity continued to strengthen during the third quarter. Our disbursements were the best during any quarter and our AUM has registered a strong growth. Our asset quality continues to improve and remains best in class. Profit during the quarter increased by 20% as compared to the same period last year. Overall, it has been a year where we have decisively withstood the vagaries of the pandemic and driven our growth with quality and profitability," said Harsha Viji, Executive Vice President.
“The third quarter saw a bumper festive season and we have been able to consolidate our market share across geographies and asset classes. Looking ahead, as inflation eases and government capital expenditure crowds out private investment, we expect the economy to grow. Our traditional strengths of customer engagement and people-centricity along with our investments in technology and data will provide us the impetus to grow our business the Sundaram way," said Rajeev Lochan, Managing Director.
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