Sundaram Finance Q1 net rises 16%
The Hindu
Sundaram Finance Ltd. (SFL) reported standalone net profit rose 16% for the first quarter to ₹192 crore.Total revenue from operations grew marginally to ₹950 crore. Disbursements more than doubled to
Sundaram Finance Ltd. (SFL) reported standalone net profit rose 16% for the first quarter to ₹192 crore. Total revenue from operations grew marginally to ₹950 crore. Disbursements more than doubled to ₹2,060 crore. Deposit base stood at ₹4,078 crore, representing a net accretion of ₹57 crore. Assets Under Management (AUM) grew to ₹29,823 crore from ₹29,580 crore, SFL said in a statement. Gross NPAs rose to 4.59% from 2.78% and Net NPAs to 3.38% from 1.79%. Total restructured assets stood at ₹1,395 crore, or about 4.87% of the principal outstanding as on June 30.
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