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Sundaram Finance Ltd Q2FY24; 31% rise in Profits

Sundaram Finance is a registered deposit taking NBFC established in 1954. The Co. is engaged in retail finance across multiple domains like Vehicle finance, Home Finance, Mutual Funds, General insurance and Financial service distribution

Financial Results:

Sundaram Finance Ltd reported Revenues for Q2FY24 of ₹1,708.00 Crores up from ₹1,337.00 Crore year on year, a rise of 27.75%.

Total Expenses for Q2FY24 of ₹1,240.00 Crores up from ₹940.00 Crores year on year, a rise of 31.91%.

Consolidated Net Profit of ₹435.00 Crores up 31.02% from ₹332.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹32.89, up 19.38% from ₹27.55 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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