Excluding special dividend Total income for Q4FY'12 rose 23% compared to Q4FY'11 while adjusted PAT rose 37%.

On a standalone basis Total income rose 21% to Rs 1761.88 crore in FY'12 compared to FY'11 while bottomline of the company rose 20% to Rs 355.45 crore. Total income for FY'11 includes special dividend of Rs 38.85 crore received from a subsidiary company. Excluding special dividend total income rose 25% to Rs 1761.88 crore while adjusted PAT rose 32% to Rs 355.45 crore.

Consolidated results

For year ended March 2012 the company reported 28% increase in its income from operations to Rs 3005.92 crore on a consolidated basis compared to corresponding previous year period while other income of the company rose 51% to Rs 34.69 crore leading 28% increase in total income to Rs 3040.60 crore. Claims incurred increased 31% to Rs 431.93 crore. Interest expenses rose 31% to Rs 1176.52 crore. Operating expenses rose 23% to Rs 717.16 crore leading 28% growth in operating profits to Rs 715 crore. Depreciation rose 18% to Rs 84.13 crore. PBT before EO as a result rose 29% to Rs 630.87 crore. The company had an EO income of Rs 65.53 crore in FY'11 related to profit on sale of shares by a subsidiary company. PBT after EO rose 14% to Rs 630.87 crore. Effective tax rate was 32.1% compared to 33.5% in the corresponding previous year quarter. PAT of the company was up 16% to Rs 428.56 crore. Considering share of profit of associates and minority interest net profit of the company rose 18% to Rs 457.91 crore.

The consolidated accounts include a sum of Rs 110.02 crore, which represents differential liability in respect of third party motor claims of its joint venture company, Royal Sundaram insurance company resulting from the dismantling of the Indian motor third party insurance pool by IRDA and their subsequent order dated March 22, 2012. A sum of Rs 38.07 crore is carried forward, to be absorbed over the next two financial years.

Commenting on the FY'12 performance, TT Srinivasaraghavan, MD, Sundaram Finance, said, " While the commercial Vehicle and Car Segments continued to be major growth drivers of the company, business from construction equipment and tractor segments was particularly encouraging and augurs well for the future."

Disbursement increased 25% in FY'12 to Rs 9307 crore compared to FY'11.

Net NPA stood at 0.09% as on 31 st March 2012 compared to 0.2% as on 31 st March 2011.

CAR stood at 16.33% as on 31 st March 2011 against regulatory requirement of 15%

Promoter shareholding increased marginally to 39.05% as on 31 st March 2012 from 38.96% as on 27 th January 2012. None of the promoter's shares are being pledged

Standalone Networth of the company stood at Rs 1788 crore while on a consolidated basis was Rs 2164 crore.

Sundaram Finance is currently trading at Rs 627