Sundaram BNP Paribas Q3 net profit up 47.48%
Announcing the financial results for the quarter, the home finance subsidiary of Sundaram Finance Ltd said it had made a net profit of Rs 24.66 crore during the corresponding quarter in 2011.
The company's home loan disbursements for the third quarter went up by 32 per cent to Rs 647 crore from Rs 492 crore registered in the same period in 2011.
Home Loan Disbursements for the nine months ended December 31, 2012 increased to Rs 1,891 crore from Rs 1,359 crore registered in the comparative period the previous year.
Commenting on the performance, Srinivas Acharya, MD, Sundaram BNP Paribas Home Finance said, "Our expansion into markets outside South has begun to register reasonable growth this year and we will continue to expand our presence in these newer markets".
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