Podcast
Questions and Answers
What percentage of assets are used in the South region?
What percentage of assets are used in the South region?
Which category has the highest percentage in March 2024?
Which category has the highest percentage in March 2024?
What was the Asset Under Management (AUM) in March 2023?
What was the Asset Under Management (AUM) in March 2023?
Which region represents the highest percentage of used assets?
Which region represents the highest percentage of used assets?
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What is the percentage change for MHCV from March 2023 to March 2024?
What is the percentage change for MHCV from March 2023 to March 2024?
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Which of the following percentages corresponds to the West region for used assets?
Which of the following percentages corresponds to the West region for used assets?
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What percentage of cars were included in the asset categorization in March 2024?
What percentage of cars were included in the asset categorization in March 2024?
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What percentage of the total assets is attributed to tractors?
What percentage of the total assets is attributed to tractors?
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What is the total amount listed for Sundaram Finance Holdings Ltd. (Consolidated) in the second column?
What is the total amount listed for Sundaram Finance Holdings Ltd. (Consolidated) in the second column?
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Which subsidiary has the highest total amount in the first column?
Which subsidiary has the highest total amount in the first column?
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What adjustment is noted for the consolidation process in the second column?
What adjustment is noted for the consolidation process in the second column?
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Which subsidiary recorded the lowest amount in the fourth column?
Which subsidiary recorded the lowest amount in the fourth column?
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How many total amounts are listed for Joint Control Entities?
How many total amounts are listed for Joint Control Entities?
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What was the profit after tax for FY24, excluding exceptional items?
What was the profit after tax for FY24, excluding exceptional items?
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What was the Return on Assets (ROA) for FY24?
What was the Return on Assets (ROA) for FY24?
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Which statement is true regarding the Return on Equity (ROE) for FY24?
Which statement is true regarding the Return on Equity (ROE) for FY24?
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What was the cost to income ratio for FY24 compared to FY23?
What was the cost to income ratio for FY24 compared to FY23?
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What significant action did the company take with its investment in Sundaram Finance Holdings Limited?
What significant action did the company take with its investment in Sundaram Finance Holdings Limited?
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What was the Gross Stage 3% for the year Mar-22?
What was the Gross Stage 3% for the year Mar-22?
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Which category had the highest percentage in the funding mix as of Mar-24?
Which category had the highest percentage in the funding mix as of Mar-24?
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What was the Net Stage 3% for the year Mar-23?
What was the Net Stage 3% for the year Mar-23?
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What was the percentage of Commercial Paper in the funding mix for Mar-24?
What was the percentage of Commercial Paper in the funding mix for Mar-24?
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Which year saw a decline in the Gross Stage 3% compared to the previous year?
Which year saw a decline in the Gross Stage 3% compared to the previous year?
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What total funding amount was recorded for the year Mar-24?
What total funding amount was recorded for the year Mar-24?
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Which funding source had a percentage of 52.0% in Mar-21?
Which funding source had a percentage of 52.0% in Mar-21?
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In which year did the percentage of Bank Borrowings first exceed 14%?
In which year did the percentage of Bank Borrowings first exceed 14%?
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What was the percentage of Securtisation in Mar-24?
What was the percentage of Securtisation in Mar-24?
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What is the vision of Sundaram Finance?
What is the vision of Sundaram Finance?
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What does the mission of Sundaram Finance focus on delivering?
What does the mission of Sundaram Finance focus on delivering?
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Which value emphasizes the importance of integrity at Sundaram Finance?
Which value emphasizes the importance of integrity at Sundaram Finance?
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What is meant by 'The Sundaram Way'?
What is meant by 'The Sundaram Way'?
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Which of the following best describes Sundaram Finance's heritage?
Which of the following best describes Sundaram Finance's heritage?
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What is a strategic source of distinctiveness for Sundaram Finance?
What is a strategic source of distinctiveness for Sundaram Finance?
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Which category does Sundaram Finance NOT diversify into?
Which category does Sundaram Finance NOT diversify into?
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How many branches does the SF Group have?
How many branches does the SF Group have?
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What is the total assets under management (AUM) reported by Sundaram Finance?
What is the total assets under management (AUM) reported by Sundaram Finance?
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Which principle emphasizes relationships at Sundaram Finance?
Which principle emphasizes relationships at Sundaram Finance?
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Which statement about Sundaram Finance's customer base is true?
Which statement about Sundaram Finance's customer base is true?
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What does the principle of fairness in 'The Sundaram Way' signify?
What does the principle of fairness in 'The Sundaram Way' signify?
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Which aspect is NOT included in the 'Sundaram Way' principles?
Which aspect is NOT included in the 'Sundaram Way' principles?
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Who is the Chairman of the Board of Directors as of 24.05.2024?
Who is the Chairman of the Board of Directors as of 24.05.2024?
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Which director served as the Managing Director of the company for 18 years?
Which director served as the Managing Director of the company for 18 years?
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Which independent director has experience specifically in Information Technology?
Which independent director has experience specifically in Information Technology?
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Which director has a strong background in the auto component manufacturing industry?
Which director has a strong background in the auto component manufacturing industry?
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What is the educational qualification of Sri T.T.Srinivasaraghavan?
What is the educational qualification of Sri T.T.Srinivasaraghavan?
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Which of the following directors is not an Independent Director?
Which of the following directors is not an Independent Director?
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Who is the CEO of GDC at IIT Madras?
Who is the CEO of GDC at IIT Madras?
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Which director has an educational background in mechanical engineering?
Which director has an educational background in mechanical engineering?
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Study Notes
Sundaram Finance FY24 Performance Highlights
- Sundaram Finance's core values include humility, service, discipline, honesty, prudence, integrity, openness, fair play, and relationships.
- The company's financial year (FY) is 2024.
- Key performance indicators (KPIs) are outlined in the presentation.
- An overview of Sundaram Finance, financial results, key trends, consolidated results, and information about the company are covered in the presentation contents.
Vision and Mission
- Vision: To be the most respected NBFC (Non-Banking Financial Company) in the country.
- Mission: To deliver a "Sundaram experience" to all customers, big and small, while upholding the company's ethos.
- Key values are reflected in the company's vision and mission statement.
The Sundaram Way
- The company's guiding principles emphasize service, fair play, honesty, integrity, discipline, prudence, humility, and relationship building.
- Each principle is defined by specific values to shape the overall "Sundaram Way" of conducting business.
SF Group Data
- AUM (Assets Under Management): 43,987
- Branches: 710
- Staff: 7,459
- Customer Count: 5,73,127
- Key figures from various subsidiaries were listed in the presentation.
- Data on Royal Sundaram, Sundaram Home, Sundaram Mutual, and other subsidiaries included in the presentation.
Strategic Sources of Distinctiveness
- Heritage of trust and prudence
- Pioneer of hire-purchase finance
- Diversified financial services
- Lending focused on the underserved Indian entrepreneur
- Deep deposit customer connect, loyalty, and renewal rate
- Technology-enabled and data-powered approach to customer service
- Consistent best-in-class asset quality and performance
Product Offerings
- Asset Finance: Cars, commercial vehicles, Construction equipment, tractors and farm equipment, used vehicles
- Commercial Lending: Leasing, NBFC, SME, Supply chain financing
- Working Capital Finance: Diesel, Insurance, Tyre, Sundaram Credit Line.
- Distribution: Fixed Deposits, General Insurance, Home Loans, Investment Services, Life Insurance, and Mutual Funds
Sundaram Finance - Performance Over Last Twenty Years
- The presentation details the company's performance over the past 20 years, encompassing Receivables Under Management, Profit After Tax (PAT), and Market Capitalization.
- Detailed financial data from each financial year is provided.
Financial Summary
- Paid-up capital, net worth, and disbursement figures are present for every financial year.
- Data on AUM, PAT, dividend percentages, and market capitalization are included for each year.
Overall Highlights of Financial Performance ( as of 31st March 2024)
- AUM: ₹43,987 Crores
- Gross Stage 3: 1.26%
- Cost-to-income ratio: 34.69%
- Return on Assets (ROA): 3.18%
- Return on Equity (ROE): 17.5% (core ROE 16.5%)
- Final dividend declared: 160% (₹16/- per share)
- Total dividend for FY24: 300% (₹30/- per share)
Highlights - Growth of 25% in Core Business
- Economic activity in the automotive sector influenced disbursements.
- FY24 disbursements increased by 25% compared to FY23.
- Strong growth in Q4 of FY24.
- Restructured assets under Covid package.
Highlights – Asset Quality Continues to Remain Industry Best
- Collections performance reverted to pre-Covid levels.
- Current collections are back to pre-Covid levels with current collections of current demand at 93%.
Highlights - Profitability Improved Consistently
- Profits after tax improved by 23% (excluding exceptional items) compared to FY23.
- Strict control on costs and borrowing costs in a rising interest rate environment.
Profit & Loss Statement
- Key figures for Q4FY23, Q3FY24, Q4FY24, FY23, & FY24 with details on Revenue from Operations, Other Income, Total Revenue expenses, operating expenses and impairment were outlined.
Balance Sheet
- Equity and liabilities, and assets (financial assets and non-financial assets) for 31-Mar-23 and 31-Mar-24 are presented.
Key Trends in Financial Performance
- Key trends impacting the company's financial performance are examined in this section.
Consolidated Results
- Profit after tax and net worth data for Mar-20, Mar-21, Mar-22, Mar-23, and Mar-24 are provided.
Consolidated Results - Subsidiaries
- Subsidiary companies' details.
- Joint venture information.
- Data on the share of net worth and profit (FY23 & FY24 financials) of each subsidiary is furnished.
Sundaram Home Finance
- Details of disbursement, AUM, Profit after Tax are presented for Q4 FY24, Q3 FY24, Q4 FY23, FY24, and FY23.
Royal Sundaram
- Financial details are presented for Q4 FY24, Q3 FY24, Q4 FY23, FY24, and FY23.
Sundaram Asset Management
- Detailed financial data for Q4 FY24, Q3 FY24, Q4 FY23, FY24, and FY23 financials.
More About Sundaram Finance
- Institutional shareholders and their shares are presented as of 31-March-2023 and 31-March-2024.
Credit Ratings
- Instrument details for ICRA and CRISIL are documented
Share Price Movement
- SFL share price movement and Nifty comparison from March 2019 are presented.
Subsidiaries and Joint Ventures
- Listing of subsidiary companies and joint ventures.
- Details on specific ventures may exist in other parts of the document.
Board of Directors
- Biographical details of board members, including experience, qualifications, and role.
Key Managerial Personnel
- Information about key managerial personnel, their roles, experience, and responsibilities.
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Description
Test your knowledge on financial metrics and asset categorization for March 2024. This quiz covers various regions, categories, and specific financial figures related to multiple subsidiaries. Understand the significant changes in asset management and regional distributions as of March 2024.
