Sundaram Finance Q3 net profit up 25 pc to Rs 113.65 cr

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Sundaram Finance Ltd Sundaram Finance Ltd
SummarySundaram Finance Ltd reported a 25 per cent increase in its net profit to Rs 113.65 crore for the third quarter.

Sundaram Finance Ltd today reported a 25 per cent increase in its net profit to Rs 113.65 crore for the third quarter ended December 31, 2012.

"Net Profit for third quarter ended 31st December 2012 increased by 25 per cent to Rs 113.65 crore from Rs 91.14 crore registered in third quarter ended 31st December 2011," a release from the city-based company said.

The company's net profit for the nine month period ended December 31, 2012 also went up to Rs 319.95 crore, an increase of 24 per cent as against the Rs 257.24 crore registered in the corresponding period in 2011.

Its deposit base stood at Rs 1,412 crore on December 31, 2012, while NPA was 0.21 per cent against the 0.32 per cent on December 31, 2011, the release said. Disbursements stood at Rs 7,400 crore as on December 31, 2012 as against Rs 6,598 crore in the same period in 2011.

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