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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 23.38 % in the past year, decrease in net sales/revenue by -9.48 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 2.16 %. Marginal increase in other income during this quarter, up by 108.91%.
- Profit over the Year and quarter: Significant improvement in profitability for Sundaram Finance Limited. Notable increase of 1.29 % in net profit Year to Year, Sundaram Finance Limited’s profitability dropped by -7.95 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 15.89 % Year to Year. EPS increased by 62.32 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1581.79 Cr | Rs. 2155.89 Cr | Rs. 1951.6 Cr | -9.48 % | + 23.38 % |
| Expenses | Rs. 421.56 Cr | Rs. 524.19 Cr | Rs. 401.68 Cr | -23.37 % | -4.72 % |
| Operating Profit | Rs. 1160.23 Cr | Rs. 1631.7 Cr | Rs. 1549.92 Cr | -5.01 % | + 33.59 % |
| OPM % | 73.35 % | 75.69 % | 79.42 % | + 3.73 % | + 6.07 % |
| Other Income | Rs. 7.88 Cr | Rs. -90.34 Cr | Rs. 8.05 Cr | + 108.91 % | + 2.16 % |
| Interest | Rs. 738.2 Cr | Rs. 947.83 Cr | Rs. 985.11 Cr | + 3.93 % | + 33.45 % |
| Depreciation | Rs. 0 Cr | Rs. 52.92 Cr | Rs. 48.31 Cr | -8.71 % | 0 % |
| Profit before tax | Rs. 429.91 Cr | Rs. 540.61 Cr | Rs. 524.55 Cr | -2.97 % | + 22.01 % |
| Tax % | 28.4 % | 28.11 % | 23.33 % | -4.78 % | -5.07 % |
| Net Profit | Rs. 429.31 Cr | Rs. 472.41 Cr | Rs. 434.85 Cr | -7.95 % | + 1.29 % |
| EPS in Rs | Rs. 34.05 | Rs. 24.31 | Rs. 39.46 | + 62.32 % | + 15.89 % |
Today, we’re looking at Sundaram Finance Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 23.38 %. However, it did see a marginal slip of -9.48 % from the previous quarter. Expenses decreased slightly by -23.37 % quarter-on-quarter, aligning with the annual decline of -4.72 %. Operating profit, while up 33.59 % compared to last year, faced a quarter-on-quarter dip of -5.01 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 6.07 %, but an expansion of 3.73 % sequentially. Other income rose by 108.91 % compared to the last quarter, despite an annual growth of 2.16 %. Interest expenses surged remarkably by 3.93 % from the previous quarter, yet the year-over-year increase remains at a moderate 33.45 %. Depreciation costs fell by -8.71 % quarter-on-quarter, Profit before tax grew annually by 22.01 % but saw a reduction from the preceding quarter by -2.97 %.
Tax expenses as a percentage of profits decreased slightly by -5.07 % compared to last year, with a more notable quarter-on-quarter decrease of -4.78 %. Net profit rose by 1.29 % year-on-year but witnessed a -7.95 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 15.89 % but a quarterly rise of 62.32 %. In summary, Sundaram Finance Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1581.79 Cr | Rs. 2155.89 Cr | Rs. 1951.6 Cr | -9.48 % | + 23.38 % |
| Expenses | Rs. 421.56 Cr | Rs. 524.19 Cr | Rs. 401.68 Cr | -23.37 % | -4.72 % |
| Operating Profit | Rs. 1160.23 Cr | Rs. 1631.7 Cr | Rs. 1549.92 Cr | -5.01 % | + 33.59 % |
| Net Profit | Rs. 429.31 Cr | Rs. 472.41 Cr | Rs. 434.85 Cr | -7.95 % | + 1.29 % |
| EPS in Rs | Rs. 34.05 | Rs. 24.31 | Rs. 39.46 | + 62.32 % | + 15.89 % |
In reviewing Sundaram Finance Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 23.38 % year-on-year growth, although there was a slight dip of -9.48 % from the previous quarter. Expenses decreased by -4.72 % compared to the previous year, with a decrease of -23.37 % quarter-on-quarter. Operating Profit surged by 33.59 % annually, and saw a -5.01 % decrease from the last quarter.
Net Profit showed yearly increase of 1.29 %, and experienced a -7.95 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 15.89 % annually, however rose by 62.32 % compared to the last quarter. In essence, while Sundaram Finance Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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