Sundaram Finance Ltd reports consolidated PAT of Rs. 270.50 crores in Q4 FY2020-21

SUNDARAM FINANCE LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1338.14 crores during the period ended March 31, 2021 as compared to Rs.1395.73 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.270.50 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.342.27 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.24.55 for the period ended March 31, 2021 as compared to Rs.31.06 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 1338.14 crs	₹ 1395.73 crs	-4.13%
Net Profit	₹ 270.50 crs	₹ 342.27 crs	-20.97%
EPS	₹ 24.55	₹ 31.06	-20.96%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.1338.14 crores during the period ended March 31, 2021 as compared to Rs.1331.17 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.270.50 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.195.64 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.24.55 for the period ended March 31, 2021 as compared to Rs.17.76 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 1338.14 crs	₹ 1331.17 crs	0.52%
Net Profit	₹ 270.50 crs	₹ 195.64 crs	38.26%
EPS	₹ 24.55	₹ 17.76	38.23%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.5316.74 crores during the 12 months period ended March 31, 2021 as compared to Rs.4722.53 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.1165.09 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.791.54 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.105.74 for the 12 months period ended March 31, 2021 as compared to Rs.71.85 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 5316.74 crs	₹ 4722.53 crs	12.58%
Net Profit	₹ 1165.09 crs	₹ 791.54 crs	47.19%
EPS	₹ 105.74	₹71.85	47.17%

On the performance in FY21, Harsha Viji, Executive Vice Chairman, said, "While the first quarter of last year was almost a complete washout due to the national lockdown in response to the Covid-19 pandemic, we saw a strong recovery in the second half led by the tractor, tipper and construction equipment segments. Our double-digit disbursements growth in fourth quarter is a clear indication that we were seeing business coming back to the pre-Covid levels."

On the outlook for the year, Rajiv Lochan, Managing Director, said, "We had planned for the growth momentum of the fourth quarter to continue into this year, but the intensity of the second wave and ensuing lockdowns have created uncertainty in the environment, with our immediate focus being on the safety of our employees and customers. Given our learnings over the past year and our investments in technology and digitization, we are ready to tackle the challenges created by the pandemic as activity resumes. We remain resolute in our customer-centric mission and in striking a prudent balance across Growth, Quality and Profitability."

Shares of SUNDARAM FINANCE LTD. was last trading in BSE at Rs.2497.3 as compared to the previous close of Rs. 2440.55. The total number of shares traded during the day was 1533 in over 265 trades.

The stock hit an intraday high of Rs. 2520.15 and intraday low of 2460. The net turnover during the day was Rs. 3829969.

Source : Equity Bulls

Keywords