Sundaram Finance Q1 net profit up 25.7%
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Sundaram Finance Q1 net profit up 25.7%

Last Updated: Friday, July 27, 2012, 22:50
 
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Sundaram Finance Q1 net profit up 25.7%
Chennai: Non-banking finance company Sundaram Finance Friday reported a 25.7 percent increase in its net profit to Rs 94.80 crore for the first quarter ended June 30, 2012.

The Chennai-based company had made a net profit of Rs 75.36 crore in the corresponding period last year.

For the year ended March 31, 2012 the net profit stood at Rs 3,55.45 crore.

The net income from operations for the first quarter ended June 30, 2012 rose to Rs 471.56 crore from Rs 388.92 crore in the corresponding quarter a year ago.

The net income from operations for the year ending March 31, 2012 stood at Rs 1701.43 crore.

The total disbursements of the company for the first quarter ended June 30, 2012 grew by 31 percent to Rs 2,413 crore from Rs 1,845 crore registered during the same period of last year.

The gross NPA of the company stood at 0.73 percent, while it is at 0.18 percent for the first quarter ended June 30, 2012, the statement added.

PTI



First Published: Friday, July 27, 2012, 22:50


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