Sundaram Finance has announced that it has crossed the Rs. 1,400 crore mark in respect of deposits to reach Rs. 1,412 crore as on December 31, 2012. The company has reported a 25 per cent rise in its net profit in the third quarter ended December 31, 2012 to Rs. 113.65 crore from Rs. 91.14 crore registered in the same period in the previous year. Income from operations stood at Rs. 547.49 crore against Rs. 443.47 crore in the year-ago period.
The net profit for the nine months ended December 31, 2012, rose by 24 per cent to Rs. 319.95 crore from Rs. 257.24 crore in the same period in the previous year. Disbursements rose by 12 per cent to Rs. 7,400 crore as compared to Rs. 6,598 crore. The net NPA (non-performing assets) as on December 31, 2012, stood at 0.21 per cent as compared to 0.32 per cent as on December 31, 2011. The company has allotted bonus shares in the ratio of one share for every equity share held on December 15, 2012, and the paid-up capital has doubled to Rs. 111.10 crore.
Keywords: Sundaram Finance