Sundaram Home Finance has recorded a net profit of Rs 62.55 crore for the October-December 2024 quarter, the company said on Tuesday. The city-based company, a subsidiary of Sundaram Finance Ltd, had registered a net profit of Rs 62.28 crore during the corresponding quarter of last financial year. Disbursements made during the quarter under review increased by 35 per cent to Rs 1,692 crore as against Rs 1,252 crore recorded in the same quarter of last financial year. Net profit for the nine month period ending December 31, 2024 stood at Rs 173.09 crore, as against Rs 179.03 crore recorded in the corresponding period of last financial year. Disbursements made during the nine month period surged by 29 per cent to Rs 4,588 crore, as compared to Rs 3,569 crore registered in the same period of last financial year. The Assets Under Management (AUM) as on December 31, 2024 stood at Rs 14,577 crore, a rise of 14 per cent from Rs 12,800 crore recorded as on December 31, 2023. "There has b

Sundaram Finance Holdings Ltd. has gained 27.04% in the last 6 Months

Sundaram Finance Holdings Ltd.

19 Nov 2024

389.20

-2.25%

Sundaram Home Finance to expand in tier-3 towns of Western Tamil Nadu

Business Standard

Sundaram Home Finance Ltd on Tuesday announced plans to expand its presence in tier-III towns in western Tamil Nadu under its 'Emerging Business' (EB) segment, citing strong growth potential. The company, a wholly owned subsidiary of non-banking finance company Sundaram Finance Ltd, currently operates over 15 branches in the region, including six under the vertical. As part of its expansion strategy, Sundaram Home Finance aims to disburse over Rs 500 crore in the next 1218 months, with Rs 50 crore targeted specifically at the EB vertical. This move follows the successful launch of its Coimbatore branch, the company stated on Tuesday. "Having established our Coimbatore branch, we are looking to expand further in the Emerging Business segment. The expansion into Pollachi is part of our strategy to penetrate deeper into smaller towns. Small entrepreneurs are thriving in the region and require working capital financing to expand their businesses," said Sundaram Home Finance managing ..

Sundaram Finance Holdings Ltd. has gained 39.92% in the last 1 Year

Sundaram Finance Holdings Ltd.

05 Nov 2024

389.20

-2.25%

Sundaram Finance Q2FY25 results: Net profit falls to Rs 340.09 cr

Business Standard

Non-banking finance company Sundaram Finance Ltd has reported a profit after tax for the July-September 2024 quarter at Rs 340.09 crore, the company said on Tuesday. The city-headquartered company had registered a profit after tax of Rs 366.38 crore during the corresponding quarter of last year. For the six month period ending September 30, 2024 the profit after tax remained flat at Rs 647.74 crore as against Rs 647.66 crore registered in the year ago period. In a statement on Tuesday, the company said the team Sundaram Finance has delivered a balanced H1 FY25 despite lower than expected economic activity in the half year. "Assets under management grew by 20 per cent to Rs 48,058 crore compared to the prior year period (Rs 40,106 crore as on September 30, 2023). Net Stage 3 assets closed at 0.89 per cent and profit after tax for H1FY25 was at Rs 648 crore. Our group companies in asset management, general insurance and home finance have continued their trajectory from FY24 and recor

Sundaram Finance Holdings Ltd. is trading above all available SMAs

Sundaram Finance Holdings Ltd.

05 Nov 2024

389.20

-2.25%

Sundaram Finance Q2 Results Review - Earnings Miss Due To Lower Other Income; Asset Quality Stable: Systematix

NDTV Profit

The brokerage maintains 'Hold' rating on the stock with a revised target price of Rs 4,300 (earlier Rs 4,000).

Sundaram Finance Holdings Ltd. has gained 18.28% in the last 1 Month

Sundaram Finance reports a 7% drop in Q2 profit, H1 profit stays flat

Business Line | 04 Nov 2024

Sundaram Finance Holdings Ltd.

09 Aug 2024

389.20

-2.25%

Sundaram Home Finance eyes Rs 450 cr disbursements in Maharashtra this year

Business Standard

Sundaram Home Finance has inaugurated its second branch in Pune as it aims to make disbursements of Rs 450 crore in Maharashtra this year, the company said on Friday. The wholly owned subsidiary of non-banking finance company Sundaram Finance Ltd achieved disbursements of over Rs 250 crore in the Western state last year. Sundaram Home Finance currently has six branches in Maharashtra and would offer home loans targeting the mid-segment of the market with an average ticket size of Rs 40 lakh. The company achieved disbursements of over Rs 100 crore in Pune last financial year. "Pune is turning into a vibrant home finance market and its proximity to Mumbai has led to fast paced growth in terms of infra development and the increasing presence of IT companies. This expansion in Pune follows the success of our first branch in the city," company Managing Director D Lakshminarayanan said. In February, the company expanded presence in Navi Mumbai. "We have seen a robust demand for home loa

Sundaram Finance Holdings Ltd. has gained 27.04% in the last 6 Months

Sundaram Finance Holdings Ltd.

08 Aug 2024

389.20

-2.25%

Sundaram Finance Q1 Results Review - Seasonal Factors Impact Performance: Centrum

NDTV Profit

The brokerage values the standalone business at 4x FY26 P/ABV (Rs 3506) and value subsidiaries at Rs 1013, post 20% holdco discount, to arrive at the target price of Rs 4,317.