ECONOMY

Sundaram Finance’s Growth Catalyst Visible: ICICI Direct 

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.

Sundaram Finance Ltd. is a Chennai-based non-banking financial company with a presence in auto financing, home finance, asset management and general insurance business.

Major value is derived from asset financing (vehicle financing) with assets under management of Rs 31226 crore as of December 2020.

The company has 583 branches with a substantial presence (approximately 55%) in southern India.

Net interest income was up 21.4% YoY to Rs 537 crore on the back of improved margins and resilient asset quality.

Net interest margin (calculated)) for the quarter increased by ~70 basis points QoQ to 6.9%.

Click on the attachment to read the full report:

ICICIC Direct Sundaram Finance Company Update.pdf

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.

Most Related Links :
todayprimenews Governmental News Finance News

Source link

Back to top button