Sundaram Fin net profit down

Chennai-based NBFC has clocked Rs 572.40 cr total income

Image
BS Reporter Chennai
Last Updated : Jan 28 2014 | 1:22 AM IST
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.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 28 2014 | 12:22 AM IST

Next Story