Sundaram Finance announces Financial Results for the year FY23
Sundaram Finance logs highest-ever disbursements of Rs. 20,966 crores, 58% over FY22; AUM grows 17% to Rs. 34,552 crores Net profit for FY23 up by 20% at Rs. 1,088 crores Continued improvement in asset quality with Gross Stage 3 assets at 1.66% (2.19% as of March 31, 2022) and Net Stage 3 assets at 0.86% (1.07% as of March 31, 2022) Disbursements for Q4 FY23 up by 40% over Q4 FY22 and profits after tax for Q4 FY23 up by 6% to Rs. 316 crores from Rs. 299 crores in Q4 FY22 ROA at 2.8% (2.5% in FY22) and Capital Adequacy Ratio at 22.8% (24.4% in FY22) 150% final dividend (Rs.15 per share) declared Chennai, May 26, 2023: The Board of Directors of Sundaram Finance Ltd. (SFL) approved the audited standalone and consolidated financial results for the year ended March 31, 2023 , at its meeting held on May 26, 2023, in Chennai. Press meet youtube videoЁЯСЗЁЯСЗ “We have re-established our pre-Covid growth trajectory in FY23 while improving asset quality to our traditional standards....