Sundaram Finance Results

Non-banking finance company Sundaram Finance Ltd has reported a profit after tax for the July-September 2024 quarter at Rs 340.09 crore, the company said on Tuesday. The city-headquartered company had registered a profit after tax of Rs 366.38 crore during the corresponding quarter of last year. For the six month period ending September 30, 2024 the profit after tax remained flat at Rs 647.74 crore as against Rs 647.66 crore registered in the year ago period. In a statement on Tuesday, the company said the team Sundaram Finance has delivered a balanced H1 FY25 despite lower than expected economic activity in the half year. "Assets under management grew by 20 per cent to Rs 48,058 crore compared to the prior year period (Rs 40,106 crore as on September 30, 2023). Net Stage 3 assets closed at 0.89 per cent and profit after tax for H1FY25 was at Rs 648 crore. Our group companies in asset management, general insurance and home finance have continued their trajectory from FY24 and recor

Sundaram Finance Ltd (SFL) on Monday announced that it has logged highest-ever disbursements of Rs 13,430 crore for H1 FY'24, 34 per cent over and above H1 FY'23. The profit after tax registered a 22 per cent rise in H1 FY'24, with net profit at Rs 648 crore. The company had registered a net profit of Rs 529 crore in H1 FY'23. The SFL's Board of Directors approved the unaudited standalone and consolidated financial results for the half year ended September 30, 2023, at its meeting held here on Monday. Disbursements for H1 FY'24 recorded a growth of 34 per cent to Rs 13,430 crore as compared to Rs 10,054 crore registered in H1 FY'23. Also, disbursements for Q2 FY'24 recorded a growth of 35 per cent to Rs 6,941 crore as compared to Rs 5,139 crore in Q2 FY'23. The assets under management grew by 25 per cent to Rs 40,106 crore as on 30 September 2023 as against Rs 31,980 crore as on 30 September 2022. Harsha Viji, Executive Vice Chairman said: "Team Sundaram has delivered a strong fir

Assets under Management stood at Rs 31,226 crore as on December 31, 2020 compared to Rs 30,502 crore a year ago

Company optimistic about growth going forward, sees demand push from stamp duty reduction by states, softer prices by builders

Non Banking Finance Company Sundaram Finance Ltd, has registered a 30 per cent growth in net profit at Rs 117.34 crore during the quarter ended June 30, 2017, as compared to Rs 90.17 crore during the same quarter of previous fiscal year. The total revenue grew to Rs 621.78 crore during the quarter as against Rs 561.59 crore during the same quarter of last year.Disbursement grew six per cent to Rs 3420 crore during the quarter owing to the strong performance in cars, tractors and construction equipment segments and the asset quality remains strong with the NPA coming down,said TT Srinivasaraghavan, MD, Sundaram Finance.The Assets Under Management (AUM) grew 16 per cent to Rs 24331 crore as on June 30, 2017 as compared to Rs 21,007 crore in the corresponding quarter of last year. The Gross NPAs stood at two per cent during the quarter compared to 2.15 per cent in same quarter last year. The net NPA saw a marginal decline to 0.93 per cent as compared to one per cent in the same quarter ..