November 11, 2019 10:42 pm | Updated 10:49 pm IST - CHENNAI
Sundaram Finance Ltd. recorded a standalone net profit of ₹269 crore for the quarter ended September 2019, including a one-time income of ₹53 crore and the benefit of a lower corporate tax rate. This compares with a net profit of ₹154 crore a year ago. On a like-to-like comparison, net profit grew 25%.
Total revenue from operations rose to ₹994 crore from ₹817 crore and assets under management rose 11% to ₹30,256 crore. In the first half of FY20, deposits grew 15% to ₹3,424 crore.
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