SUNDARAM FINANCE LTD. - 590071 - Disclosure under Regulation 31A (8)(b) of the SEBI (LODR) Regulations, 2015
Sundaram Finance Ltd has informed BSE regarding "Disclosure under Regulation 31A (8)(b) of the SEBI (Listing Obligations and Disclosures Requirement) Regulations, 2015". SUNDARAM FINANCE LTD. - 590071 - Appointment of Independent Director
Sundaram Finance Ltd has informed BSE regarding "Appointment of Mr. R Venkatraman as an Independent Director". 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 05, 2024, inter alia, have declared an Interim Dividend of Rs. 14/- per share (140%) for the financial year 2023-24 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 01, 2024 (Friday). SUNDARAM FINANCE LTD. - 590071 - Disclosure under Reg. 30 read with Sch. III. Part A. Para A of SEBI (LODR) Regulations, 2015
Sundaram Finance Ltd has informed BSE regarding "Disclosure under Reg. 30 read with Sch. III. Part A. Para A of SEBI (LODR) Regulations, 2015". SUNDARAM FINANCE LTD. - 590071 - Results Press Release for December 31, 2023
Sundaram Finance Ltd has informed BSE about : 1. Result Press Release for the period ended December 31, 2023. SUNDARAM FINANCE LTD. - 590071 - Standalone & Consolidated Financial Results, Limited Review Report for December 31, 2023
Sundaram Finance Ltd has informed BSE about : 1. Standalone Financial Results for the period ended December 31, 20232. Consolidated Financial Results for the period ended December 31, 20233. Standalone Limited Review for the period ended December 31, 20234. Consolidated Limited Review for the period ended December 31, 2023 SUNDARAM FINANCE LTD. - 590071 - Clarification sought from Sundaram Finance Ltd
The Exchange has sought clarification from Sundaram Finance Ltd on January 8, 2024, with reference to Movement in Volume.The reply is awaited. SUNDARAM FINANCE LTD. - 590071 - Closure of Trading Window
Sundaram Finance Ltd has informed BSE regarding "Closure of Trading Window". Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Sundaram Finance Ltd.
Non-banking Financial company Sundaram Finance announced Q2FY24 & H1FY24 results: Financial Performance: 1. Highest-ever disbursements: Sundaram Finance achieved its highest-ever disbursements of Rs 13,430 crore, representing a 34% growth compared to H1FY23. This growth was witnessed across all asset classes and geographies. 2. Asset Under Management (AUM) growth: The AUM of Sundaram Finance grew by 25% to reach Rs 40,106 crore as of September 30, 2023, compared to Rs 31,980 crore in the same period last year. 3. Profit after tax growth: The company registered a net profit of Rs 648 crore for H1FY24, showing a significant increase of 22% compared to Rs 529 crore in H1FY23. The net profit for Q2FY24 was Rs 366 crore, reflecting a 21% growth compared to Q2FY23. 4. Disbursements for Q2FY24 were up by 35% over Q2FY23 and profits after tax for Q2FY24 were up by 21% to Rs 366 crore from Rs 303 crore in Q2FY23 Asset Quality and Financial Indicators: 1. Improvement in asset quality: Sundaram Finance continued to witness improvement in asset quality, with Gross Stage 3 assets at 1.86% (compared to 2.54% in September 2022) and Net Stage 3 assets at 1.08% (compared to 1.37% in September 2022). 2. Provision cover: The provision cover for Gross Stage 3 assets stood at 42%, compared to 47% in September 2022. 3. NPA levels: As per RBI's new asset classification norms, the Gross Non-Performing Assets (NPA) and Net NPA for Sundaram Finance were reported at 2.89% and 2.06% respectively in September 2023, showing improvement compared to 4.29% and 2.97% in September 2022. 4. Return on assets (ROA): The ROA for H1FY24 was 2.95% compared to 2.94% in H1FY23. 5. Capital Adequacy Ratio: The Capital Adequacy Ratio stood at 19.9% (Tier I - 15.9%) in September 2023, compared to 24.3% (Tier I - 18.2%) in September 2022, indicating a comfortable position to support planned growth. “Team Sundaram has delivered a strong first half year of FY24. Assets under management grew by 25%, net stage 3 assets closed at 1.08% and profit after tax recorded a 22% growth to Rs 648 crore over the prior year period. Our Group companies in asset management, general insurance and home finance have continued their trajectory from FY23 and recorded strong results. We continue to rely on our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability," said Harsha Viji, Executive Vice Chairman. Result PDF
