Sundaram Fin Q3 net up 28% at Rs 70 cr

Non-banking finance company Sundaram Finance today reported a 27.64 per cent growth in its net profit at Rs 70.69 crore for the quarter ending December 31, 2010.

The city-headquartered company reported net profits of Rs 55.38 crore during the same period of previous year, Sundaram Finance said in a statement here.

For the nine months ending December 31, 2010 the net profits grew by 27 per cent to Rs 197 crore from Rs 155 crore (excluding exceptional items) registered during the same period of previous year.

The disbursements for the nine months ending December 31, 2010 increased by 35.38 per cent to Rs 5,410 crore from Rs 3,996 crore registered during the same period of previous year, it said.

 

The company has declared an interim dividend of Rs 7 per share, the statement added.