Sundaram Finance on Friday posted a 9.54 per cent decline in net profit at Rs. 90.67 crore for the quarter ended March 31.
The Chennai-based NBFC had registered a net profit of Rs. 100.24 crore during the corresponding period of previous year, Sundaram Finance said in a BSE filing. Total income from operations for the quarter-under review stood at Rs. 577.77 crore as against Rs. 547.67 crore in the year-ago period.
For the year ended March 31, 2015, net profit of the company increased by 2.62 per cent to Rs. 454.14 crore from Rs. 442.51 crore registered during 2013-14.
Total income from operations during the year increased marginally to Rs. 2,254.65 crore from Rs. 2,215.48 crore in the previous year. The Board of Directors at its meeting on Friday recommended a final dividend of Rs. 6 per share (60 per cent) for the 2014-15 fiscal.
With the interim dividend of Rs. 4.50 per share (45 per cent) paid on February 18, the total dividend will be Rs. 10.50 per share (105 per cent) for the financial year ending March 31, 2015. Shares of the company closed at Rs. 1,517.50 apiece on the BSE, up by 0.70 per cent over the previous close.
