Sundaram Finance Ltd News
Sundaram Home Finance to expand in tier-3 towns of Western Tamil Nadu
Sundaram Home Finance Ltd on Tuesday announced plans to expand its presence in tier-III towns in western Tamil Nadu under its 'Emerging Business' (EB) segment, citing strong growth potential. The company, a wholly owned subsidiary of non-banking finance company Sundaram Finance Ltd, currently operates over 15 branches in the region, including six under the vertical. As part of its expansion strategy, Sundaram Home Finance aims to disburse over Rs 500 crore in the next 1218 months, with Rs 50 crore targeted specifically at the EB vertical. This move follows the successful launch of its Coimbatore branch, the company stated on Tuesday. "Having established our Coimbatore branch, we are looking to expand further in the Emerging Business segment. The expansion into Pollachi is part of our strategy to penetrate deeper into smaller towns. Small entrepreneurs are thriving in the region and require working capital financing to expand their businesses," said Sundaram Home Finance managing ..
 "Sundaram Home Finance to expand in tier-3 towns of Western Tamil Nadu")
Sundaram Finance Q2FY25 results: Net profit falls to Rs 340.09 cr
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 Q2FY25 results: Net profit falls to Rs 340.09 cr")
