Sundaram Fin net profit down

Chennai-based NBFC has clocked Rs 572.40 cr total income

Chennai-based Sundaram Finance Limited has reported a eight per cent drop in net profit at Rs 103.56 crore during the quarter ended December 31, as compared with Rs 113.65 crore in the year-ago period.

The non-banking financial company (NBFC)’s total income for the quarter was Rs 572.40 crore.

Meanwhile, the company on Monday informed the BSE that its board of directors, at a meeting held on January 27, approved the appointment of Shobhana Ramachandhran as an independent director of the board.

Ramachandhran has been the managing director of TVS Srichakra Ltd.