SUNDARAM FINANCE Announces Quarterly Results (3QFY19); Net Profit Up 1.8%

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SUNDARAM FINANCE Announces Quarterly Results (3QFY19); Net Profit Up 1.8%
Fri, 15 Feb

SUNDARAM FINANCE has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

SUNDARAM FINANCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m6,7728,1528,5464.8%26.2%
Other incomeRs m331435835.5%-82.6%
Total revenuesRs m7,1038,1948,6035.0%21.1%
InterestRs m3,3044,2724,6599.1%41.0%
Gross Profit Rs m3,3153,7503,746-0.1%13.0%
Other expensesRs m1,3251,4681,5314.3%15.5%
Profit before taxRs m2,3202,3252,272-2.3%-2.1%
TaxRs m783782707-9.6%-9.7%
Profit after taxRs m1,5371,5431,5651.4%1.8%
Gross profit margin %49.046.043.8
Effective tax rate%33.833.631.1
Net profit margin%22.718.918.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 26.2% on a year-on-year (YoY) basis. The interest expended was up by 41.0% YoY during the same period.
  • The bank's operating profit increased by 13.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 43.8% in 3QFY19 as against 49.0% in 3QFY18.
  • Other income declined by 82.6% YoY during the quarter.
  • Net profit for the quarter increased by 1.8% YoY. Net profit margins during the quarter declined from 22.7% in 3QFY18 to 18.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 4.8% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 9.1% QoQ during the same period.
  • The bank's operating profit declined by 0.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 43.8% in 3QFY19 as against 46.0% in 2QFY18.
  • Net profit for the quarter increased by 1.4% QoQ, while net profit margins declined from 18.9% in 2QFY18 to 18.3% in 3QFY19.

To see how SUNDARAM FINANCE has performed over the last eight quarters, please visit here.

SUNDARAM FINANCE Share Price Performance

Over the last one year, SUNDARAM FINANCE share price has moved up from Rs 1,666.0 to Rs 1,357.4, registering a Loss of Rs 308.7 or around 18.5%.

Overall, the S&P BSE SENSEX is up 4.4% over the year.

Current Valuations

At the current price of Rs 1,357.4, the price to earnings (P/E) ratio of SUNDARAM FINANCE stands at 26.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.0 times.

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