Sundaram Finance net drops by 74% in Q3

Chennai-based Non Banking Finance Company (NBFC) Sundaram Finance Ltd has reported a 74 per cent drop in the net profit for the quarter ended December 31,2008 at Rs 30 crore as compared to Rs 118 crore, during the same quarter last year.

Company's total income has increased to Rs 274 crore from Rs 231 crore, a year ago, an increase of 18 per cent.