Leading NBFC Sundaram Finance Ltd., has registered a Net Profit of Rs. 269 crores for the quarter ended 30th September 2019 as compared to Rs. 154 cr registered in the same period last year. The Net Profit, however, includes a one-time income of Rs.53 crores and the benefit of lower corporate tax. Hence, on a like to like comparison, the Net Profit for quarter ended 30th September 2019 stood at Rs. 192 crores as against Rs. 154 cr in the same period last year, registering a growth of 25%.
Income from operations for quarter ended 30th September 2019 went up 22% to Rs. 994 crores from Rs. 817 crores registered in the corresponding quarter the previous year.
Assets under Management stood at Rs.30256 crores as on 30th September 2019 as against Rs. 27228 crores as on 30th September 2018 registering a growth of 11%.
Deposit Base - Net Accretion of Rs. 449 cr
The company's deposits have seen a 15% growth in the first half of the year. Deposits stood at Rs. 3424 crores as on 30th September 2019, a net accretion of Rs. 449 crores in the first half of the year.
Shares of SUNDARAM FINANCE LTD. was last trading in BSE at Rs.1612.45 as compared to the previous close of Rs. 1569.05. The total number of shares traded during the day was 246 in over 40 trades.
The stock hit an intraday high of Rs. 1612.45 and intraday low of 1570. The net turnover during the day was Rs. 390928.