Sundaram Finance reports 7% drop in Q1 pre-tax profit to Rs 219 crore
Revenue from operations rose to Rs 948 crore during the quarter ended June 2020, from Rs 930 crore a year ago
 "Sundaram Finance reports 7% drop in Q1 pre-tax profit to Rs 219 crore")
premium
Sundaram Finance Ltd has reported a seven per cent drop in PBT to Rs 219 crore during the quarter ended June 2020, from Rs 236 crore during the same period last year.
Revenue from operations rose to Rs 948 crore during the quarter ended June 2020, from Rs 930 crore a year ago.
Assets under Management stood at Rs 29,580 crore as on June 30, 2020 as compared to Rs 29,977 crore as on June 30, 2019.
The deposit base crossed Rs 3,700 crore during the quarter ended June 2020.
TT Srinivasaraghavan, MD, Sundaram Finance Ltd., said, “With the monsoon tracking well, the rural economy holds promise. Passenger car sales are beginning to look up and the oncoming festive season could prove a shot in the arm for auto manufacturers.”
He added that the government’s investment in the infrastructure sector could provide a boost to the construction equipment segment.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*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
SAVE 25%