Sundaram Finance has reported net profit of Rs 117.65 crore for the quarter ended March 31, 2006. In the year-ago period, the figure stood at Rs 29.1 crore. | |
| However, the results are not comparable as the profit on sale of shares amounting to Rs 88.1 crore in Sundaram Asset Management Co and Sundaram Finance Trustee Co of 49.9 per cent to France-based BNP Paribas Asset Management was included in the quarter ended 2005-06. |
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| The non-banking finance company's income from operations was Rs 130 crore for the quarter ended March 31, 2006. For the full year, Sundaram Finance net profit stood at Rs 170.5 crore (Rs 75.9 crore in the previous year). Income from operations was Rs 483.9 crore (Rs 441.6 crore). |
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| The board has recommended a dividend of 135 per cent (including special dividend of 50 per cent) for the year ended March 31, 2006. |
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