SUNDARAM FINANCE LTD. - 590071 - Results Press Release for September 30, 2023
Sundaram Finance Ltd has informed BSE about : 1. Result Press Release for the period ended September 30, 202306-11-2023
06-11-2023
SUNDARAM FINANCE LTD. - 590071 - Standalone & Consolidated Financial Results, Limited Review Report for September 30, 2023
Sundaram Finance Ltd has informed BSE about : 1. Standalone Financial Results for the period ended September 30, 20232. Consolidated Financial Results for the period ended September 30, 20233. Standalone Limited Review for the period ended September 30, 20234. Consolidated Limited Review for the period ended September 30, 20235. Standalone Cash Flow Statement for the period ended September 30, 20236. Consolidated Cash Flow Statement for the period ended September 30, 202306-11-2023
SUNDARAM FINANCE LTD. - 590071 - Board Meeting on Nov 06, 2023
Sundaram Finance Ltd (ONLINE)(301023) has informed BSE that a meeting of the Board of Directors will be held on November 06, 2023.30-10-2023
SUNDARAM FINANCE LTD. - 590071 - Closure of Trading Window
Sundaram Finance Ltd has informed BSE regarding "Closure of Trading Window".29-09-2023
SUNDARAM FINANCE LTD. - 590071 - Appointment of Chief Compliance Officer (CCO)
Sundaram Finance Ltd has informed BSE regarding "Appointment of Chief Compliance Officer (CCO)".11-08-2023
SUNDARAM FINANCE LTD. - 590071 - Appointment of Independent Director
Sundaram Finance Ltd has informed BSE regarding "Appointment of Dr. Kshama Fernandes as an Independent Director".11-08-2023
Q1FY24 Quarterly Result Announced for Sundaram Finance Ltd.
Non-banking Financial company Sundaram Finance announced Q1FY24 results: Consolidated Q1FY24: The assets under management (AUM) in the lending and general insurance businesses stood at Rs 57,150 crore as on June 30, 2023, against Rs 47,432 crore as on June 30, 2022. The assets under management of our asset management business stood at Rs 59,862 crore as on June 30, 2023, against Rs 48,810 crore as on June 30, 2022. Profit after tax for Q1FY24 was Rs 375 crore as compared to Rs 246 crore in Q1FY23. Standalone Q1FY24: Disbursements for Q1FY24 recorded a growth of 32% to Rs 6,489 crore as compared to Rs 4,915 crore registered in Q1FY23. The assets under management stood at Rs 37,255 crore as on June 30, 2023, as against Rs 30,552 crore as on June 30, 2022, up by 22%. The total restructured assets under Covid relief measures enabled by the Reserve Bank of India were at Rs 538 crore, about 1.5% of the loan outstanding, as on June 30, 2023. Gross stage 3 as on June 30, 2023, stood at 1.90% with 48% provision cover as against 2.51% with provision cover of 49% as on June 30, 2022. Net stage 3 as on June 30, 2023, closed at 1.00% as against 1.30% as on June 30, 2022. The Gross and Net NPA, as per RBI’s new asset classification norms for NBFCs, are 2.96% and 2.00% respectively as against 2.66% and 1.41% as of June 30, 2022 (based on old norms). Cost to income ratio closed at 35.27% in Q1FY24 as against 36.02% in Q1FY23. Profit after tax registered a 25% rise in Q1FY24, with net profit at Rs 281 crore. The company registered a net profit of Rs 226 crore in Q1FY23. Return on assets (ROA) for Q1FY24 closed at 2.7% as against 2.5% for Q1FY23. Return on equity (ROE) was at 14.3% for Q1FY24 as against 12.9% for Q1FY23. Excluding investments in subsidiaries and group companies, core ROE was at 16.2% for Q1FY24 as against 15.5% for Q1FY23. Capital Adequacy Ratio stood at 21.4% (Tier I –17%) as of June 30, 2023, compared to 24.1% (Tier I – 17.8%) as of June 30, 2022. “The first quarter of FY24 has been satisfying. Assets under management grew by 22%, net stage 3 assets closed at 1.00% and profit after tax recorded a 25% growth to Rs 281 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. Overall, our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability remains our primary focus," said Harsha Viji, Executive Vice Chairman. Result PDF11-08-2023
SUNDARAM FINANCE LTD. - 590071 - Results Press Release for June 30, 2023
Sundaram Finance Ltd has informed BSE about : 1. Result Press Release for the period ended June 30, 202311-08-2023
SUNDARAM FINANCE LTD. - 590071 - Standalone & Consolidated Financial Results, Limited Review Report for June 30, 2023
Sundaram Finance Ltd has informed BSE about : 1. Standalone Financial Results for the period ended June 30, 20232. Consolidated Financial Results for the period ended June 30, 20233. Standalone Limited Review for the period ended June 30, 20234. Consolidated Limited Review for the period ended June 30, 202311-08-2023