Monday 27 January 2014

Sundaram Finance reports 9% fall in Q3 net profit

Sundaram Finance has reported results for third quarter ended December 31, 2013.

The company has reported 8.87% fall in its net profit at Rs 103.56 crore for the quarter, as compared to Rs 113.65 crore for the same quarter in the previous year. However, total income from operation of the company has increased by 4.55% at Rs 572.40 crore for quarter under review as compared to Rs 547.48 crore for the quarter ended December 31, 2012.

Sundaram Finance is one of the oldest and largest providers of finance for the acquisition of commercial vehicles of all makes. The commercial vehicle finance provided by it helps the small operators to acquire vehicles with minimum hassle and documentation.

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