Revenue Growth and Profitability See Steady Increase
Chennai, February 3, 2025 – Sundaram Finance Limited (NSE: SUNFIN) has released its unaudited financial results for the quarter and nine months ended December 31, 2024, reporting a solid financial performance with notable revenue growth and profitability.Key Financial Highlights (Standalone)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,648.06 Cr | ₹1,601.17 Cr | ₹1,345.76 Cr | ₹4,717.05 Cr | ₹3,908.25 Cr | ₹5,479.94 Cr |
| Net Profit (PAT) | ₹349.06 Cr | ₹340.09 Cr | ₹300.07 Cr | ₹996.80 Cr | ₹947.73 Cr | ₹1,454.01 Cr |
| Total Comprehensive Income | ₹153.08 Cr | ₹747.90 Cr | ₹300.29 Cr | ₹1,442.66 Cr | ₹946.29 Cr | ₹2,050.96 Cr |
| Basic & Diluted EPS | ₹31.42 | ₹30.61 | ₹27.01 | ₹89.72 | ₹85.30 | ₹130.87 |
Key Financial Highlights (Consolidated)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,190.31 Cr | ₹2,084.67 Cr | ₹1,821.36 Cr | ₹6,226.58 Cr | ₹5,111.22 Cr | ₹7,267.12 Cr |
| Net Profit (PAT) | ₹455.47 Cr | ₹436.15 Cr | ₹398.16 Cr | ₹1,326.47 Cr | ₹1,033.79 Cr | ₹1,842.36 Cr |
| Total Comprehensive Income | ₹245.29 Cr | ₹926.31 Cr | ₹862.78 Cr | ₹1,850.21 Cr | ₹2,042.41 Cr | ₹3,210.76 Cr |
Segment Performance
Asset Financing:- Contributed ₹2,027.97 Cr in revenue for Q3 FY25, up from ₹1,667.90 Cr in Q3 FY24.
- Segment profit before tax at ₹527.26 Cr.
- Generated ₹167.89 Cr in Q3 FY25, compared to ₹159.96 Cr in Q3 FY24.
Corporate Developments & Dividend Announcement
- The Board of Directors has declared an interim dividend of ₹14 per share (140%) for FY25, payable on or after February 24, 2025 to shareholders on record as of February 7, 2025.
- The company reported no deviation in the utilization of proceeds from its recent issuance of secured redeemable non-convertible debentures (NCDs) worth ₹1,000 Cr.
Management Commentary
Rajiv Lochan, Managing Director of Sundaram Finance, stated:"Our performance reflects the resilience of our business model and the strength of our diversified revenue streams. As we continue expanding our financial services portfolio, we remain committed to maintaining strong asset quality and delivering value to our stakeholders."
Outlook
Sundaram Finance is expected to maintain growth momentum through expansion in asset financing, fee-based income, and insurance segments. Strong collections, risk management, and capital adequacy continue to position the company favorably in the NBFC sector.Stock Market Reaction
- The stock price saw a marginal uptick post results, reflecting investor confidence in the company’s steady earnings growth.
Conclusion:
Sundaram Finance has delivered another strong quarter with steady revenue and profitability growth, robust asset quality, and a healthy capital position. With strategic expansions and prudent financial management, the company remains well-positioned for future growth.