Sundaram Finance Holdings Q1 Results 78.24% YoY Revenue Growth, 281.29% YoY Operating Income Surge

Sundaram Finance Holdings Q1 Results: Sundaram Finance Holdings' financial results for the first quarter of June 2024 show notable changes compared to previous periods. The company's total revenue for this quarter was 42.79 crores, which is a significant 78.24% increase from last year and a 22.73% rise from the previous quarter. This means they made much more money from their operations.

Sundaram Finance Holdings’ expenses on selling, general, and administrative costs were 8.82 crores, which is lower than the 10.49 crores spent last quarter and 38.23% less than the same quarter last year. This indicates they are managing their costs more effectively.

Depreciation and amortization costs slightly increased to 0.74 crores from 0.64 crores last quarter, but this is a small change compared to the overall financial improvement. Total operating expenses also decreased by 35.95% from last year, showing better cost control.

Sundaram Finance Holdings' operating income, which is the money left after covering operating costs, rose sharply by 281.29% from last year. Net income before taxes also grew by 247.07% year-over-year. Net income increased by 56.12% from last year, and earnings per share improved by 56.29%. Overall, Sundaram Finance Holdings has shown strong financial performance and effective cost management this quarter.

Here's the summary of Sundaram Finance Holdings' Q1 results for June 2024, with comparisons to the previous quarter (March 2023) and the same quarter last year (June 2023):

Sundaram Finance Holdings Q1 Results 

Sundaram Finance Holdings reported its financial performance with significant insights for the first quarter of 2024. The company's revenue from operations reached ₹1,286.75 crores, which shows a notable increase from ₹990.58 crores in the same quarter last year. This indicates strong growth in the company's core business activities.

The income from lease rentals, fees, and commissions also saw an improvement. Lease rental income netted ₹44.71 crores, up from ₹31.21 crores, and fees and commission income totaled ₹71.42 crores, compared to ₹61.17 crores a year ago. Dividend income was ₹17.73 crores, down from ₹51.26 crores, which could be attributed to changes in investment returns.

Sundaram Finance Holdings’s total revenue for the quarter stood at ₹1,467.82 crores, reflecting an increase from ₹1,187.36 crores in the previous year. However, total expenses also rose, amounting to ₹1,074.12 crores, up from ₹828.78 crores. This increase in expenses was driven by higher employee benefits, administrative costs, and provisions for financial instruments.

Sundaram Finance Holdings’ profit before tax was ₹402.16 crores, showing a strong performance despite higher expenses. After accounting for taxes, the net profit for the quarter was ₹307.65 crores, compared to ₹281.28 crores in the same quarter last year.

The total comprehensive income for the quarter was ₹541.68 crores, reflecting an increase from ₹280.30 crores a year ago. This demonstrates the company's solid financial health and operational efficiency.

Sundaram Finance Holdings Q1 Results Overview 

Here is a simplified summary of the unaudited standalone financial results for the quarter ended June 30, 2024:

(in Crores)

Sundaram Finance Holdings Stock Metrics

Sundaram Finance, offers a snapshot of the company's financial health and stock performance. The Market Capitalization of ₹46,574 Crores indicates the total value of the company's outstanding shares in the market, reflecting its size and market presence. 

Here's the data in a table format:

Quarterly Results 

Sundaram Finance Holdings, the financial results for December 2023, March 2024, and June 2024 show revenue starting at ₹1,821 crores in December, peaking at ₹2,156 crores in March, and then dropping to ₹1,952 crores by June. Interest expenses increased from ₹910 crores in December to ₹985 crores in June.

Here's a summary for December 2023, March 2024, and June 2024:

About Sundaram Finance Holdings 

Sundaram Finance Holdings (SF Holdings) is a company that focuses on investing in top companies within the auto component industry. It is part of the TSF Group, which has been in the business for over a century and has a strong reputation for Trust, Value, and Service. 

Sundaram Finance Holdings uses the TSF Group’s extensive experience to make smart investments that help both the company and its investors. The goal is to support businesses that are looking toward the future and provide good returns to their shareholders.

Sundaram Finance Holdings is listed on the National Stock Exchange (NSE), which means its shares are available for public trading. Over the years, SF Holdings has made several significant investments. From 1960 to 1980, it invested in companies like Wheels India and Lucas TVS. In the 1980s and 1990s, it added companies such as Axles India and Turbo Energy to its portfolio. 

From 2001 to 2010, it invested in firms like Delphi TVS and Sundaram Business Services Ltd. More recently, since 2011, it has invested in Sundaram Composites and the Italian company Mind s.r.l. Despite changes over time, SF Holdings remains committed to delivering strong results and supporting innovative businesses in the auto component sector.