We will continue to rely on a proven approach to delivering stable and sustainable growth: Sundaram Finance

A non-bank financial company headquartered in the city reported the following profit after tax for the October-December 2023 period. INR30 billion compared to INRIn the same period last year, 243 million items were registered.

The profit after tax for the nine months ended December 31, 2023 was: INRcompared to 948 million INRIn the same period last year, 772 million items were registered.

Commenting on the financial performance, Harsha Vij, Executive Vice Chairman of the company, said, “Despite lower than expected economic activity in the quarter, Team Sundaram continues to It has performed well.Our asset management, property and casualty insurance, and housing finance group companies.'' Continuing the trajectory from FY2013, we recorded strong business results. ”

“We continue to rely on our proven approach of stable and sustainable growth with best-in-class asset quality and consistent profitability,” Bisi added.

The amount paid during the quarter was INR652.4 billion, from INRIn the same period last year, 565.3 billion were registered. The total expenditures made during the nine months ending December 31, 2023 were: INR19,954 billion, from INR15,707 crore was registered 1 year ago.

At the board of directors meeting held on February 5th, regarding interim dividends, INR14 shares per share (140%).

Rajiv Lochan, managing director of Sundaram Finance, said: “Although the fourth quarter is off to a good start, the outlook remains sensitive to the general elections scheduled for April-May and related events. “We remain focused on growing our market share across all asset classes and asset classes.” This is the region where we operate and offer the Sundaram experience to our customers. ”