Sundaram Finance (SUNDARMFIN) Q4 23/24 earnings summary

Executive summary

• Achieved strong growth in revenue and profitability for FY 2023-24, with significant increases in disbursements and asset quality improvements.

• Maintained robust governance, risk management, and compliance frameworks, with continued focus on digital transformation and customer service.

• Subsidiary and associate companies contributed positively to consolidated results, with notable performance in asset management, home finance, and insurance segments.

Financial highlights

• Standalone revenue from operations rose to ₹5,479.94 cr (up 35.5% YoY); consolidated revenue at ₹7,267.12 cr.

• Standalone PAT increased 33.6% YoY to ₹1,454.01 cr; consolidated PAT at ₹1,842.36 cr (up 22.1% YoY).

• EPS grew to ₹130.87 (standalone) and ₹130.31 (consolidated).

• Total comprehensive income (standalone) at ₹2,050.96 cr; consolidated at ₹3,210.76 cr.

• Disbursements grew 25% YoY to ₹26,163 cr; gross receivables managed up 28.6% to ₹51,385 cr.

• Net worth (standalone) at ₹9,472 cr; consolidated net worth at ₹11,078.22 cr.

• Final dividend of ₹16/share recommended, total dividend for FY24 at ₹30/share (300% of face value).

Outlook and guidance

• Indian economy expected to remain among the fastest-growing globally, with RBI projecting 7% GDP growth for FY25.

• Automotive sector demand expected to remain steady, with moderate growth in passenger vehicles and flat to low single-digit growth in commercial vehicles and farm equipment.

• Risks include inflationary pressures, geopolitical tensions, and climatic uncertainties.