Sundaram Finance Limited: Q3 FY 2018-19 Key Points


Sundaram Finance Limited, a part of the TVS Group companies, has reported its Q3 FY 2018-19 numbers today!

The Company’s total Income for the Q3 ended 2018 increased 17 percent to INR 860 Cr from INR 733 Cr registered in the same period the previous year.

The company registered a Net Profit of INR 157 Cr for the Q3 ended 31st December 2018 as compared to INR 161 Cr registered in the corresponding quarter the previous year, showing a marginal dip of 2.48% YoY basis.

Sundaram Finance Ltd., has registered a 6% increase in Net Profit at INR 452 Cr for the “nine months” ended 31st December 2018 as compared to INR 426 Cr registered in the corresponding period the previous year.

Asset Under Management (AUM) as at 31st December 2018 increased 14% to INR 28102 Cr as compared to INr 24555 Cr registered as at 31st December 2017.

The Board of Sundaram Finance Ltd., declared an interim dividend of INR 5 per share (50%)

 

Sundaram Finance

 

About Sundaram Finance

Sundaram Finance Limited (SFL) was promoted by Madras Motors and General Insurance Company, a part of the reputed TVS Group.

HIstory: Sundaram Finance was established in 1954 by Sri T. S. Santhanam, the Founder, who envisioned the future of hire-purchase finance in India. It became a public limited company in the year 1961 and went public in 1972.

Business: The main business of the company includes hire purchase and lease financing of (1) commercial vehicles, (2) cars, and (3) machinery. It also undertakes short-term activities such as bill discounting and commercial mortgage lending.

Started with the primary objective of financing the purchase of commercial vehicles, Sundaram Finance, has today grown into one of the most trusted financial services groups in India. Today, the company has a diversified presence in Mutual Funds, Housing Finance, General Insurance, IT, Business Process Outsourcing and Retail Distribution of a wide array of financial services and products.

Presence: The Company has a nation-wide presence of nearly 640 branches, over 2 lakh depositors and 3 lakh commercial vehicle and car finance customers.

Stock Price Movement

The stock ended INR 45.00 or 3.10% lower to INR 1404 when the market closed on Thursday! During October to December 2018 quarter, the share prices of Sundaram Finance Limited has made a low of INR 1338 and high of INR 1540

Sundaram Finance on Technical Charts

The stock prices of Sundaram Finance is trading 8.20% lower when compared to its 200 EMA (1525) and trading marginally lower when compared to its 50 EMA (1448)

Average Return

The stock has given -6.67% returns over the last 6 months and -25.60% returns over the last 12 months.

Sundaram Finance current market cap is more than INR 15000 Cr and trading at a PE ratio of 28

 

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.


 

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Vishal Dalwadi

Vishal Dalwadi

Vishal is an MBA (Finance) post-graduate. He is the founder and owner of "FinBlab". His blog aims at providing information and research on Stock market and sectors including Mutual funds, IPOs, Insurance and more.

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