The shares of a Midcap NBFC based in Chennai gained around 7.5% after logging its highest-ever 9M disbursements of Rs 21,532 Crores and 19% growth in Assets Under Management of oRs 50,199 Crores.
Share Price Movement
The shares of Sundaram Finance Ltd, with a market capitalization of Rs 50,977.23 Crores, reached an Intraday high of Rs 4,721 per share, and closed at Rs 4,637 per share, 7.6% higher than its previous close of Rs 4,312.
The shares generated a return of 25% in the past 1 year, and 173% in the past 5 years respectively.
Q3FY25 Results
The Company’s total Revenue from Operations grew by 20% from Rs 1,821 Crores in Q3FY24 to Rs 2,190 Crores in Q3FY25. On a Quarterly basis, it grew by 5% from Rs 2,085 Crores in Q2FY25.
Their Net Profits however, declined by 10% YoY, from Rs 506 Crores in Q3FY24 to Rs 455 Crores in Q3FY25. But on a quarterly basis, Net Profits increased by 4.4% from Rs 436 Crores in Q2FY25.
Disbursements grew by 8% YoY from Rs 19,954 Crores in Q3FY24 to Rs 21,532 Crores 9MFY25. Assets Under Management increased 19% YoY from Rs 42,172 Crores to 50,199 Crores over the same period. Net worth increased by 26% YoY from Rs 8,521 Crores to Rs 10,742 Crores.
Funding Mix
Debenture contributes to 29.7%, Bank Borrowings amount to 35.6%, Securitisation contributes 10.7%, deposits with 13.6% and Commercial paper with 10.4% of the total fund of Rs 46,386 Crores in Q3.
Management Commentary
Harsha Viji, Executive Vice Chairman of Sundaram Finance commented “Team Sundaram has delivered a terrific Q3 with 19% growth in AUM to Rs. 50,199 crores, improving asset quality with net stage 3 at 0.97% vs 1.02% last year and profits from operations growing 22% year-on-year. Our Group companies in asset management, general insurance and home finance have continued their trajectory from FY24 and recorded strong results.”
About Sundaram Finance Ltd
Sundaram Finance established in 1954, Through its subsidiaries and group companies offers home finance, loans against property, mutual funds and investment management solutions and the full range of general insurance products and services. It has a nationwide presence of over 700 branches, over 1.1 lakh depositors and nearly 5 lakh lending customers.
Written By Adhvaitha Nayani
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