Sundaram Fin Net Up 46%

Chennai, January 27: | Updated: Jan 28 2003, 05:30am hrs
Sundaram Finance Ltd, part of the TVS group of companies, has reported a 46 per cent growth in its net profit during the quarter ended December 2002.

The companys net profit stood at Rs 10.67 crore compared to Rs 7.30 crore in the corresponding period previous year.

Income from operations has gone up marginally to Rs 110.84 crore (Rs 110.48 crore), while other income of the company has dropped to Rs 1.71 crore from Rs 1.81 crore in the third quarter of the previous fiscal.

Financial expenses have declined from Rs 47.80 crore to Rs 45.14 crore, while establishment expenses and administrative charges have gone up to Rs 6.16 crore (Rs 5.16 crore) and Rs 11.91 crore (Rs 11.47 crore) respectively.