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- SUNDARAM FINANCE Announces Quarterly Results (3QFY19); Net Profit Up 1.8%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 6,772 | 8,152 | 8,546 | 4.8% | 26.2% |
| Other income | Rs m | 331 | 43 | 58 | 35.5% | -82.6% |
| Total revenues | Rs m | 7,103 | 8,194 | 8,603 | 5.0% | 21.1% |
| Interest | Rs m | 3,304 | 4,272 | 4,659 | 9.1% | 41.0% |
| Gross Profit | Rs m | 3,315 | 3,750 | 3,746 | -0.1% | 13.0% |
| Other expenses | Rs m | 1,325 | 1,468 | 1,531 | 4.3% | 15.5% |
| Profit before tax | Rs m | 2,320 | 2,325 | 2,272 | -2.3% | -2.1% |
| Tax | Rs m | 783 | 782 | 707 | -9.6% | -9.7% |
| Profit after tax | Rs m | 1,537 | 1,543 | 1,565 | 1.4% | 1.8% |
| Gross profit margin | % | 49.0 | 46.0 | 43.8 | ||
| Effective tax rate | % | 33.8 | 33.6 | 31.1 | ||
| Net profit margin | % | 22.7 | 18.9 | 18.3 |
Interim results exclude extraordinary / exceptional items
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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