Sundaram Finance has reported a nine per cent drop in its net profit in the third quarter ended December 31, 2013 at Rs. 103.56 crore against Rs. 113.65 crore in the same period in the previous year. Income from operations has risen by 4.5 per cent to Rs. 572.40 crore from Rs. 547.48 crore in the year-ago period. Net earnings stood at Rs. 9.32 per share against Rs. 10.23 in the corresponding period.
The net profit for the nine months ended December increased by 7 per cent to Rs. 342.27 crore from Rs. 319.95 crore registered in the year-ago period. Disbursements for the nine months stood at Rs. 7,384 crore. The deposit base of the company has crossed the Rs. 1, 600- crore mark, and stood at Rs. 1,630 crore as on December 31, 2013.
