SUNDARAM FINANCE has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:
SUNDARAM FINANCE Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-17* | 3 Mar-18* | 3 Jun-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 6,097 | 6,997 | 7,532 | 7.6% | 23.5% |
| Other income | Rs m | 121 | 202 | 139 | -31.4% | 14.7% |
| Total revenues | Rs m | 6,218 | 7,200 | 7,670 | 6.5% | 23.4% |
| Interest | Rs m | 2,906 | 3,567 | 3,947 | 10.6% | 35.8% |
| Gross Profit | Rs m | 3,012 | 3,275 | 3,458 | 5.6% | 14.8% |
| Other expenses | Rs m | 1,361 | 1,498 | 1,477 | -1.4% | 8.5% |
| Profit before tax | Rs m | 1,771 | 1,978 | 2,120 | 7.2% | 19.7% |
| Tax | Rs m | 598 | 682 | 713 | 4.4% | 19.2% |
| Profit after tax | Rs m | 1,173 | 1,296 | 1,407 | 8.6% | 19.9% |
| Gross profit margin | % | 49.4 | 46.8 | 45.9 | ||
| Effective tax rate | % | 33.8 | 34.5 | 33.6 | ||
| Net profit margin | % | 19.2 | 18.5 | 18.7 | ||
* Results Consolidated
Interim results exclude extraordinary / exceptional items
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 23.5% on a year-on-year (YoY) basis. The interest expended was up by 35.8% YoY during the same period.
- The bank's operating profit increased by 14.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 45.9% in 1QFY19 as against 49.4% in 1QFY18.
- Other income increased by 14.7% YoY during the quarter.
- Net profit for the quarter increased by 19.9% YoY. Net profit margins during the quarter declined from 19.2% in 1QFY18 to 18.7% in 1QFY19.
Quarter-on-Quarter Performance:
- The bank's operating income (interest earned) during the quarter grew 7.6% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 10.6% QoQ during the same period.
- The bank's operating profit declined by 5.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 45.9% in 1QFY19 as against 46.8% in 4QFY18.
- Net profit for the quarter increased by 8.6% QoQ, while net profit margins increased from 18.5% in 4QFY18 to 18.7% in 1QFY19.
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 1,619.0 to Rs 1,535.0, registering a Loss of Rs 84.0 or around 5.2%.
Overall, the S&P BSE SENSEX is up 22.2% over the year.
Current Valuations
At the current price of Rs 1,535.0, the price to earnings (P/E) ratio of SUNDARAM FINANCE stands at 29.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.5 times.
This article was originally published in English at www.equitymaster.com
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