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Sundaram Finance Holdings net profit at Rs 15.16 cr in Q4

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Press Trust of India Chennai
Last Updated : May 24 2018 | 7:35 PM IST

Sundaram Finance Holdings Ltd, a part of the Sundaram Finance Ltd, has clocked a net profit of Rs 15.16 crore for the fourth quarter ending March 31, 2018.

The city-based firm recorded a net loss of Rs 0.34 crore during the corresponding period last year.

The company said the figures were recorded after giving effect to the scheme of arrangement and are not comparable.

Sundaram Finance Ltd, in February 2017 announced a composite scheme of arrangement under which all the non-financial services investments of the company would be de-merged into a wholly-owned subsidiary Sundaram Finance Holdings Ltd.

Following the de-merger, Sundaram Finance Holdings Ltd has become the holding company for all 'non-financial services investments of the group.'

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First Published: May 24 2018 | 7:35 PM IST

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