Latest news with #SundaramFinance
Economic Times
3 days ago
- Business
- Economic Times
HDFC Securities maintains Reduce call on Sundaram Finance; target price Rs 4,410
HDFC Securities has maintained a Reduce call on Sundaram Finance with a revised target price of Rs 4,410. The current market price of Sundaram Finance is Rs 5,180. Sundaram Finance, incorporated in 1954, is a Large Cap company with a market cap of Rs 57579.58 crore, operating in the NBFC sector. ADVERTISEMENT Sundaram Finance's key products/revenue segments include Interest, Dividend, Fees & Commission Income, Lease Rentals, Income From Sale Of Share & Securities, Bad Debts Recovery and Other Services for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2300.22 crore, up 4.21% from last quarter Total Income of Rs 2207.35 crore and up 6.63% from last year same quarter Total Income of Rs 2157.27 crore. The company has reported net profit after tax of Rs 553.53 crore in the latest quarter. The company's top management includes Mr.S Viji, Mr.R Venkatraman, Fernandes, Balasubramanian, Mr.R Raghuttama Rao, Mr.L Ganesh, Mr.S Mahalingam, Mr.T T Srinivasaraghavan, Ram, Mr.A N Raju, C Lochan, Viji, Rao. Company has B K Khare & Co. as its auditors. As on 31-03-2025, the company has a total of 11 crore shares outstanding. Investment Rationale ADVERTISEMENT Sundaram Finance (SUF) reported a steady set of earnings with sustained reflation in NIMs and muted provisioning (-1bps), offset by lower other income. AUM growth marginally moderated further to +17% YoY (Q3FY25: 19% YoY; FY24: +27% YoY), driven by subdued disbursements (+11% YoY; +9% YoY for FY25) across segments, except cars and CE segments. Disbursement uptick remains a key monitorable as the overall CV and PV cycles remain soft. SUF?s product diversification strategy and interest rate reduction environment are likely to aid further reflation in NIMs. While SUF remains a pristine franchise with steady growth and profitability metrics (core RoE of 19% for FY25), current valuations provide limited upside amidst growth headwinds. HDFC Securities expects moderation in loan growth over FY26-FY27E (16% CAGR vs. 20% CAGR over FY23-FY25). The brokerage has tweaked its FY26E/FY27E earnings estimates for lower cost of funds and maintain a REDUCE rating with a revised SoTP-based target price of Rs 4,410 (standalone entity at 3.4x Mar-27 ABVPS; 17% discount to CIFC). (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
3 days ago
- Business
- Time of India
HDFC Securities maintains Reduce call on Sundaram Finance; target price Rs 4,410
Sundaram Finance's key products/revenue segments include Interest, Dividend, Fees & Commission Income, Lease Rentals, Income From Sale Of Share & Securities, Bad Debts Recovery and Other Services for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2300.22 crore, up 4.21% from last quarter Total Income of Rs 2207.35 crore and up 6.63% from last year same quarter Total Income of Rs 2157.27 crore. The company has reported net profit after tax of Rs 553.53 crore in the latest quarter. The company's top management includes Mr.S Viji, Mr.R Venkatraman, Fernandes, Balasubramanian, Mr.R Raghuttama Rao, Mr.L Ganesh, Mr.S Mahalingam, Mr.T T Srinivasaraghavan, Ram, Mr.A N Raju, C Lochan, Viji, Rao. Company has B K Khare & Co. as its auditors. As on 31-03-2025, the company has a total of 11 crore shares outstanding. Live Events Investment Rationale Sundaram Finance (SUF) reported a steady set of earnings with sustained reflation in NIMs and muted provisioning (-1bps), offset by lower other income. AUM growth marginally moderated further to +17% YoY (Q3FY25: 19% YoY; FY24: +27% YoY), driven by subdued disbursements (+11% YoY; +9% YoY for FY25) across segments, except cars and CE segments. Disbursement uptick remains a key monitorable as the overall CV and PV cycles remain soft. SUF?s product diversification strategy and interest rate reduction environment are likely to aid further reflation in NIMs. While SUF remains a pristine franchise with steady growth and profitability metrics (core RoE of 19% for FY25), current valuations provide limited upside amidst growth headwinds. HDFC Securities expects moderation in loan growth over FY26-FY27E (16% CAGR vs. 20% CAGR over FY23-FY25). The brokerage has tweaked its FY26E/FY27E earnings estimates for lower cost of funds and maintain a REDUCE rating with a revised SoTP-based target price of Rs 4,410 (standalone entity at 3.4x Mar-27 ABVPS; 17% discount to CIFC). (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel HDFC Securities has maintained a Reduce call on Sundaram Finance with a revised target price of Rs 4,410. The current market price of Sundaram Finance is Rs 5,180. Sundaram Finance, incorporated in 1954, is a Large Cap company with a market cap of Rs 57579.58 crore, operating in the NBFC Finance's key products/revenue segments include Interest, Dividend, Fees & Commission Income, Lease Rentals, Income From Sale Of Share & Securities, Bad Debts Recovery and Other Services for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2300.22 crore, up 4.21% from last quarter Total Income of Rs 2207.35 crore and up 6.63% from last year same quarter Total Income of Rs 2157.27 crore. The company has reported net profit after tax of Rs 553.53 crore in the latest company's top management includes Mr.S Viji, Mr.R Venkatraman, Fernandes, Balasubramanian, Mr.R Raghuttama Rao, Mr.L Ganesh, Mr.S Mahalingam, Mr.T T Srinivasaraghavan, Ram, Mr.A N Raju, C Lochan, Viji, Rao. Company has B K Khare & Co. as its auditors. As on 31-03-2025, the company has a total of 11 crore shares Finance (SUF) reported a steady set of earnings with sustained reflation in NIMs and muted provisioning (-1bps), offset by lower other income. AUM growth marginally moderated further to +17% YoY (Q3FY25: 19% YoY; FY24: +27% YoY), driven by subdued disbursements (+11% YoY; +9% YoY for FY25) across segments, except cars and CE segments. Disbursement uptick remains a key monitorable as the overall CV and PV cycles remain soft. SUF?s product diversification strategy and interest rate reduction environment are likely to aid further reflation in NIMs. While SUF remains a pristine franchise with steady growth and profitability metrics (core RoE of 19% for FY25), current valuations provide limited upside amidst growth headwinds. HDFC Securities expects moderation in loan growth over FY26-FY27E (16% CAGR vs. 20% CAGR over FY23-FY25). The brokerage has tweaked its FY26E/FY27E earnings estimates for lower cost of funds and maintain a REDUCE rating with a revised SoTP-based target price of Rs 4,410 (standalone entity at 3.4x Mar-27 ABVPS; 17% discount to CIFC). (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Business Standard
3 days ago
- Business
- Business Standard
Royal Sundaram Appoints Vedanarayanan Seshadri As The New Managing Director
VMPL Chennai (Tamil Nadu) [India], May 28: Royal Sundaram General Insurance Co. Limited is happy to announce the appointment of Mr. Vedanarayanan Seshadri (Veda) as the Managing Director starting 28th May 2025. Veda, brings over 30 years of BFSI sector experience, including 15 years in insurance leadership roles. His expertise includes insurance distribution, driving profitable growth, and digital transformation enabled customer experience improvements. He holds degrees in engineering, marketing, finance, and an advanced management programme from INSEAD, France. Commenting on the development, Mr Harsha Viji, Executive Vice-Chairman, Sundaram Finance said, "Veda brings over 30 years of experience in the BFSI sector, including senior roles in life and general insurance. His deep understanding of the insurance market, customer preferences, and leadership skills will benefit him in this new role. Given the evolving insurance landscape and digital advancements, Veda is well-placed to lead Royal Sundaram's growth." Commenting on his appointment, Mr. Vedanarayanan Seshadri stated, "I am honoured to lead Royal Sundaram into its next phase. Royal Sundaram is renowned for its values, professionalism, and customer-centric approach. I am confident that, with the dedicated team and the unwavering support from the board and stakeholders, we will achieve substantial growth while preserving our fundamental principles." About Royal Sundaram Royal Sundaram General Insurance Co. Limited became India's first private sector general insurance company to be licensed by the IRDAI in October 2000. The company is promoted by Sundaram Finance Limited, one of India's most respected Non-Banking Financial Companies (NBFCs). In February 2019, it partnered with Ageas Insurance International N.V., a global insurance group based in Belgium, which acquired a 40% equity stake in Royal Sundaram. Following this transaction, Sundaram Finance holds 50%, Ageas Insurance holds 40%, and the remaining 10% is held by other Indian shareholders. Royal Sundaram offers a comprehensive suite of general insurance solutions across motor, health, personal accident, corporate, and home insurance segments. The company continues to invest in a strong service infrastructure, leveraging both agent-led and digital distribution networks. Today, Royal Sundaram is a truly pan-India, multi-platform "phygital" insurer with a presence across diverse markets, enabled by an extensive distribution ecosystem. At Royal Sundaram, every product and service is built with a deep understanding of the customers' needs, ensuring a seamless, transparent, and hassle-free insurance experience. From easy policy issuance to swift claim settlements, the company remains committed to delivering a customer-first experience, keeping the satisfaction and well-being of its clients at the heart of everything it does. For more information, visit
Business Standard
5 days ago
- Business
- Business Standard
Sundaram Finance consolidated net profit rises 106.41% in the March 2025 quarter
Sales rise 4.79% to Rs 2259.05 crore Net profit of Sundaram Finance rose 106.41% to Rs 552.98 crore in the quarter ended March 2025 as against Rs 267.91 crore during the previous quarter ended March 2024. Sales rose 4.79% to Rs 2259.05 crore in the quarter ended March 2025 as against Rs 2155.89 crore during the previous quarter ended March 2024. For the full year,net profit rose 30.88% to Rs 1879.44 crore in the year ended March 2025 as against Rs 1436.02 crore during the previous year ended March 2024. Sales rose 16.77% to Rs 8485.63 crore in the year ended March 2025 as against Rs 7267.12 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2259.052155.89 5 8485.637267.12 17 OPM % 83.7075.69 - 80.3577.54 - PBDT 828.06685.25 21 2669.952235.71 19 PBT 764.78632.33 21 2447.392052.85 19 NP 552.98267.91 106 1879.441436.02 31
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Business Standard
6 days ago
- Business
- Business Standard
Q4 results today: GIC, Aurobindo Pharma, Bluedart, Gillette on May 26
Q4 FY25 company results today: Vadilal Industries, Sumitomo Chemical, Sundaram Finance, Bayer Cropscience will be among 221 companies to post earnings reports for the January-March quarter New Delhi General Insurance Corp, Aurobindo Pharma, Blue Dart Express, and Vadilal Industries will be among 221 companies to release their earnings report for the fourth quarter (Q4) of the financial year 2024-25 (FY25) on May 26. These companies will also release their performance report for the entire financial year that ended on March 31, 2025. Market overview May 26 On Friday, May 23, the BSE Sensex closed at 81,721.08, rising 769.09 points (0.95 per cent), while the Nifty 50 ended at 24,853.15, up 243.45 points (0.99 per cent). Gains were led by strong buying in IT, FMCG, financial, and banking stocks. Today, Monday, May 26, market sentiment may be influenced by Q4 earnings, institutional activity, mixed global cues, and the delay in US President Trump's proposed tariffs on the EU. Investors will be watching closely for corporate announcements, revenue forecasts, stock movements, and forward-looking statements. As of 6:35 am, GIFT Nifty futures were trading 42 points higher at 24,922, indicating a positive start for Indian markets. List of firms releasing Q4 results on May 26 Action Construction Equipment Agio Paper & Industries Amiable Logistics India Akums Drugs Pharmaceuticals Ashapuri Gold Ornament Aurobindo Pharma Awfis Space Solutions Bajaj Healthcare Balaji Amines Bayer CropScience Blue Dart Express Brainbees Solutions CHALLANI CAPITAL Finelistings Technologies Fertilisers and Chemicals Travancore General Insurance Corporation of India Gillette India Grauer and Weil (India) Gujarat Terce Laboratories India Pesticides Infibeam Avenues Insolation Energy Jayatma Industries Jindal Drilling Industries KEC International KM Sugar Mills LCC Infotech Maharashtra Seamless Monte Carlo Fashions Nazara Technologies Olectra Greentech Optiemus Infracom Orient Press Orchid Pharma PTC India Phytochem (India) Pilani Investment and Industries Corporation Powergrid Infrastructure Investment Trust Rajkot Investment Trust Rategain Travel Technologies Rishi Techtex Shakti Press Shalimar Paints Shilpa Medicare Smart Finsec Schneider Electric Infrastructure Sree Jayalakshmi Autospin Stanley Lifestyles Sundaram Finance SUMITOMO CHEMICAL INDIA LIMITED Suraj Three M Paper Boards Universal Starch Chem Allied Vadilal Enterprises Vadilal Industries Victoria Mills Vikram Aroma Yatharth Hospital and Trauma Care Services
