SUNDARAM FINANCE LTD. - 590071 - Notice of Postal Ballot
Sundaram Finance Ltd has informed BSE regarding "Notice of Postal Ballot".04-04-2022
04-04-2022
Sundaram Finance relaunches the Sunday Kutcheri' in Chennai
The mikeless kutcheris had served as a stepping stone for many youngsters03-04-2022
SUNDARAM FINANCE LTD. - 590071 - Closure of Trading Window
Sundaram Finance Ltd has informed BSE regarding "Closure of Trading Window".31-03-2022
SUNDARAM FINANCE LTD. - 590071 - Apoointment of Director
Sundaram Finance Ltd has informed BSE regarding "Appointment of Sri Srivats Ram as a Non-Executive Non-Independent Director".28-03-2022
SUNDARAM FINANCE LTD. - 590071 - Fixes Record Date for Interim Dividend
Sundaram Finance Ltd has informed BSE that the Company has fixed February 18, 2022 as the Record Date for the purpose of Payment of Interim Dividend.The dividend will be paid on March 04, 2022.08-02-2022
SUNDARAM FINANCE LTD. - 590071 - Resignation of Director
Sundaram Finance Ltd has informed BSE regarding "Resignation of Sri S Ram, a non-independent, nonexecutive Director".07-02-2022
Q3FY22 Quarterly Result Announced for Sundaram Finance Ltd.
Sundaram Finance declares Q3FY22 result: Sundaram Finance Apr — Dec 2021 net profit at Rs. 605 crores as against Rs. 600 crores in Apr Dec 2020. Disbursements for Apr — Dec 2021 up by 13% at Rs. 9,524 crores. Stage 3 assets at 3.39% (3.45% as of 30 September 2021) and Net stage 3 assets at 2.09% (2.12% as of 30" September 2021) ROA at 2.3% (2.2% in 9M FY21) and Capital Adequacy Ratio at 23.6% (19.8% in 9M FY21) 100% interim dividend (Rs. 10 per share) declared. Disbursements for Apr - Dec 2021 recorded a growth of 13% to Rs. 9,524 crores as compared to Rs. 8,437 crores registered in the corresponding period of the previous year. Gross stage 3 assets as on December 31, 2021, stood at 3.39% with provision cover of 39% as against 3.45% as on September 30, 2021, with provision cover of 39%. Profit after tax for Apr - Dec 21 went up to Rs. 605 crores as against Rs. 600 crores in Apr -Dec 2020. Disbursements for Q3 FY22 was at Rs. 3,843 crores as compared to Rs. 4,334 crores in Q3 FY21. Adjusting for the pandemic induced ECLGS scheme, disbursements in Q3 FY22 grew 3% over Q3 FY21. Disbursements for Apr - Dec 21 recorded a growth of 13% to Rs. 9,524 crores as against Rs. 8,437 crores in Apr - Dec 20. Adjusting for the pandemic induced ECLGS scheme, core business disbursements grew 26% in 9MFY22 compared to 9MFY21. The assets under management stood at Rs. 29,796 crores as on 31% December 2021 as against Rs. 29,811 crores as on 30th September 2021. Pursuant to RBI's notification on Resolution Framework 2.0 related of advances to customers, assets totalling Rs. 781 crores, about 2.68% of loan outstanding, were restructured during Apr - Dec 2021. The total restructured assets were Rs.2,089 crores, about 7.16% of loan outstanding, as on 31st December 2021. Gross stage 3 assets as on 31st December 2021 stood at 3.39% with provision cover of 39% when compared to 3.45% with 39% provision cover as of 30th September 2021. Net stage 3 assets as of 31st December 2021 closed at 2.09% as against 2.12% as of 30th September 2021. With a view to ensuring uniformity in the implementation of IRACP norms across all lending institutions, RBI vide its circular dated 12th November 2021 - "Prudential norms on Income Recognition, Asset Classification and Provisioning (IRACP) pertaining to Advances” has tightened the NPA norms for NBFCs with immediate effect. The Company has taken steps to comply with the changes for regulatory reporting, as applicable. The Company continues to prepare the financial results in accordance with the applicable Ind-AS guidelines and maintains adequate ECL provisions as per Ind AS 109. Covid-impacted customer segments, in particular staff & route bus, tourist bus and school bus operators, tourist taxi operators and small market load CV operators are still struggling through the process of recovery based on the pandemic’s evolution and consequent actions to contain it. As per RBI’s circular of November 12, 2021, gross NPA was 7.71%, of which 4.06% was below 90 days past due as of Dec 31, 2021. Excluding this, gross NPA would have been 3.65% as against 3.85% as of Sep 30, 2021. The Company’s underlying business risk has not undergone any material change Cost to income ratio closed at 30.13% in Apr — Dec 2021 as against 30.14% in Apr — Dec 2020. The deposit base stood at Rs. 4,117 crores as on 31 December 2021, a net accretion of Rs.97 crores over 31% March 2021. “While the Omicron variant was highly infectious, it has been relatively mild on hospitalisations and mortality, causing a rapid flattening of the curve in Wave 3 of the Covid pandemic. We expect Q4 to see recovery to normalcy which will enable pick-up in activity and credit offtake. We are well-poised to capture growth opportunities across all asset classes in Q4,” said Rajiv Lochan, Managing Director. Result PDF07-02-2022
SUNDARAM FINANCE LTD. - 590071 - Standalone & Consolidated Financial Results, Limited Review Report, Results Press Release for December 31, 2021
Sundaram Finance Ltd has informed BSE about : 1. Standalone Financial Results for the period ended December 31, 20212. Consolidated Financial Results for the period ended December 31, 20213. Standalone Limited Review for the period ended December 31, 20214. Consolidated Limited Review for the period ended December 31, 20215. Result Press Release for the period ended December 31, 202107-02-2022
SUNDARAM FINANCE LTD. - 590071 - Board declares Interim Dividend
Sundaram Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 07, 2022, inter alia, have declared Interim Dividend of Rs. 10 per share (100%) for the financial year 2021-22 on the paid-up capital of Rs. 111.10 cr. represented by 11,11,03,860 equity shares of Rs. 10/- each. The dividend will be paid on March 04, 2022.07-02-2022
SUNDARAM FINANCE LTD. - 590071 - Board to consider Interim Dividend
Sundaram Finance Ltd has informed BSE that a meeting of the Board of Directors of the Company has been convened on February 07, 2022, inter alia, to consider the following:1. Approval of standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2021; and2. Interim dividend for the Financial Year 2021-22 and fixing the Record Date for the same.29-01-2022