BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Sundaram Finance Ltd. reported disbursements of Rs 33 billion in Q4 FY21, up 13% YoY and down 24% QoQ.
Assets under management at Rs 308 billion grew by 3% YoY and declined 1% QoQ due to slow disbursements.
Gross stage-III assets/net stage-III assets improved to 1.8%/1% in Q4 FY21 versus 2.5%/1.7% in Q4 FY20 and 2.5%/1.5% in Q3 FY21 – likely due to higher collections and write-offs.
Net interest income at Rs 3.7 billion was up 9% YoY but down 6% QoQ due to low interest yields (likely interest reversals).
Profit after tax was up 60% YoY due to higher other income, ~5% decline in the cost-to-income ratio and low credit costs.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.