- Net income for Sundaram Finance in the first quarter was 3.08 billion rupees, marking a 10% year-on-year growth.
- The net income fell short of the estimated 3.57 billion rupees.
- Revenue for the quarter was 14.7 billion rupees, a significant increase of 24% compared to the previous year. The estimated revenue was 8.16 billion rupees.
- Total costs for the quarter were 10.7 billion rupees, increasing by 29% year-on-year.
- Sundaram Finance shares dropped by 3.6% to 4,073 rupees, with 68,522 shares traded.
- Analysts’ ratings: 3 buys, 3 holds, and 4 sells.
- All comparisons to past results are based on the company’s original disclosures.
A look at Sundaram Finance Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma’s Smart Scores for Sundaram Finance, the company presents a mixed outlook for long-term investors. With a strong focus on dividends and moderate scores in value, growth, and momentum, Sundaram Finance demonstrates stability in its operations. However, the company’s lower resilience score might indicate a slightly higher level of risk compared to its peers. Despite this, Sundaram Finance remains a significant player in the Indian financial services sector, offering a range of products including savings, vehicle finance, insurance, and home loans.
In summary, Sundaram Finance Ltd., headquartered in Chennai, India, is a well-established financial services provider with a diverse portfolio of offerings. While the company’s Smart Scores vary across different factors, indicating a balanced performance in various aspects, investors may find value in Sundaram Finance‘s emphasis on dividends and its lineup of financial products and services. Keeping an eye on the company’s growth potential and resilience could provide additional insights for those considering long-term investments in the Indian financial market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
