SUNDARAM FINANCE LTD. - 590071 - Closure of Trading Window
Sundaram Finance Ltd has informed BSE regarding Closure of Trading Window.30-06-2023
30-06-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for Sundaram Finance Ltd.
Non-banking Financial company Sundaram Finance announced Q4FY23 & FY23 results: Sundaram Finance logs highest-ever disbursements of Rs 20,966 crore, 58% over FY22 AUM grows 17% to Rs 34,552 crore Net profit for FY23 up by 20% at Rs 1,088 crore Continued improvement in asset quality with Gross Stage 3 assets at 1.66% (2.19% as of March 31, 2022) and Net Stage 3 assets at 0.86% (1.07% as of March 31, 2022) Disbursements for Q4FY23 were up by 40% over Q4FY22 and profits after tax for Q4FY23 were up by 6% to Rs 316 crore from Rs 299 crore in Q4FY22 ROA at 2.8% (2.5% in FY22) and Capital Adequacy Ratio at 22.8% (24.4% in FY22) 150% final dividend (Rs 15 per share) declared “We have re-established our pre-Covid growth trajectory in FY23 while improving asset quality to our traditional standards. Assets under management grew by 17%, gross stage 3 assets recovered to 1.66% with net stage 3 assets at 0.86% and profits after tax recorded a 20% growth to Rs 1,088 crore. Our group companies in asset management, general insurance, and home finance continued to perform strongly. As we look ahead, we remain steadfast in executing our balanced & time-tested approach of measured growth with best-in-class asset quality and consistent profitability," said Harsha Viji, Executive Vice Chairman. “It has been a satisfying year of Growth with Quality and Profitability powered by our people, processes, and technology. We added over 2,500 people to our team, opened 62 branches, and rolled out a number of technology, digital & data-powered offerings aimed at significantly improving the productivity of our staff and enhancing the experience of our customers. Looking ahead, as inflation eases and economic activity continues to gather pace, global factors notwithstanding, we expect growth in the economy to sustain. Team Sundaram is geared up to leverage the foundation laid in FY23 to extend our market share across asset classes & geographies while delivering the Sundaram experience to our customers and other stakeholders,” said Rajiv Lochan, Managing Director. Result PDF01-06-2023
Buy Sundaram Finance; target of Rs 2715: HDFC Securities
HDFC Securities is bullish on Sundaram Finance has recommended buy rating on the stock with a target price of Rs 2715 in its research report dated May 26, 2023.30-05-2023
Sundaram Finance shares gain 2% on the back of robust Q4 results
Brokerage firm BK Securities has given a 'hold' rating on Sundaram Finance. The target price given by the firm is Rs 2680 per share.29-05-2023
Sundaram Finance records highest disbursements in FY23
Also sees record net profit of over 1,000 crore26-05-2023
SUNDARAM FINANCE LTD. - 590071 - Grant of Stock Options
Sundaram Finance Ltd has informed BSE regarding "Grant of Stock Options".26-05-2023
SUNDARAM FINANCE LTD. - 590071 - Disclosure under Reg. 30 of SEBI (LODR) Regulations, 2015
Sundaram Finance Ltd has informed BSE regarding "Disclosure under Reg. 30 read with Sch. III to the SEBI (LODR) Regulations, 2015."26-05-2023
SUNDARAM FINANCE LTD. - 590071 - Statement of Related Party Transactions under Reg. 23(9) of SEBI (LODR) Regulations, 2015
Sundaram Finance Ltd has submitted to BSE a copy of Statement of the Related Party Transactions in accordance with Reg.23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half-year ended March 31, 2023.26-05-2023
SUNDARAM FINANCE LTD. - 590071 - Investor Presentation for March 31, 2023
Sundaram Finance Ltd has informed BSE about : 1. Investor Presentation for the period ended March 31, 202326-05-2023