Sundaram Finance 3Q net up 35% to Rs 138.24 Cr

Image
Press Trust of India Chennai
Last Updated : Jan 28 2017 | 6:07 PM IST
: Non-banking finance company Sundaram Finance has registered a 35.2 per cent rise in its quarter ending December 31, 2016 to Rs 138.24 crore.
The Chennai-based company had registered net profit at Rs 102.18 crore during corresponding quarter of previous year.
Total income from operations for the October-December 31, 2016 quarter marginally went upto Rs 598.12 crore from Rs 590.67 crore registered during year ago period, the company said in a statement.
For the nine month period ending December 31, 2016, total income from operations went upto Rs 1,747.64 crore from Rs 1,730.08 crore registered during year ago period.
Profit for the nine month period ending December 31, 2016 are not comparable with the corresponding period of previous year as it include an one time profit of Rs 40.64 crore arising from the sale of equity shares of BNP Paribas Sundaram Global Securities Operations Pvt Ltd, it said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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 2017 | 6:07 PM IST

Next Story