Sundaram Finance Q4 Net slips 9.54% to Rs 90.67 crore

Sundaram Finance today posted a 9.54 per cent decline in net profit at Rs 90.67 crore for the quarter ended March 31.
The Chennai-based NBFC had registered a net profit of Rs 100.24 crore during the corresponding period of previous year, Sundaram Finance said in a BSE filing.
Total income from operations for the quarter-under review stood at Rs 577.77 crore as against Rs 547.67 crore in the year-ago period.
For the year ended March 31, 2015, net profit of the company increased by 2.62 per cent to Rs 454.14 crore from Rs 442.51 crore registered during 2013-14.
Total income from operations during the year increased marginally to Rs 2,254.65 crore from Rs 2,215.48 crore in the previous year.

The Board of Directors at its meeting today recommended a final dividend of Rs six per share (60 per cent) for the 2014-15 fiscal.
With the interim dividend of Rs 4.50 per share (45 per cent) paid on February 18, the total dividend will be Rs 10.50 per share (105 per cent) for the financial year ending March 31, 2015.
Shares of the company today closed at Rs 1,517.50 apiece on the BSE, up by 0.70 per cent over the previous close.