- Sundaram Finance reported a net income of 3.49 billion rupees, which represents a 16% increase year-over-year.
- The reported net income fell short of the estimated 5.19 billion rupees.
- Revenue for the quarter was 16.5 billion rupees, up by 22% compared to the previous year.
- Total costs increased by 25% year-over-year, reaching 12 billion rupees.
- The company’s shares declined by 3%, trading at 4,360 rupees, with a volume of 74,222 shares.
- Analyst recommendations include 2 buys, 4 holds, and 4 sells for the company’s stock.
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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 the Smartkarma Smart Scores, Sundaram Finance shows a promising long-term outlook. With strong scores in Dividends and Momentum, the company demonstrates stability and growth potential. The Value and Growth scores, though not the highest, still indicate a solid foundation and room for expansion. However, the Resilience score of 2 suggests a slightly lower level of stability under adverse conditions. Overall, the combination of these scores paints a picture of a company with potential for continued growth and consistent returns for its investors.
Sundaram Finance Ltd., a financial services provider in India, offers a range of products including savings, vehicle financing, insurance, home loans, and logistics services. With a base in Chennai, India, the company aims to cater to various financial needs of its customers. The Smartkarma Smart Scores reveal a generally positive outlook for Sundaram Finance, with notable strengths in Dividends and Momentum, supporting its position in the market and potential for future growth.
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.
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