Sundaram Home Finance Q1 net up 18% at Rs 47 crore

Disbursements for Q1 ended 30th June 2022 increased to Rs 796 cr from Rs 249 cr registered in Q1 ended 30 th June 2021.

DT NEXT Bureau

Updated:28th Jul, 2022 at 1:35 AM

CHENNAI: Sundaram Home Finance has registered an 18% rise in its net profit for Q1 ended 30th June 2022 at Rs 47.26 crores as compared to Rs 40.03 cr in the corresponding quarter of the previous year. Disbursements for Q1 ended 30th June 2022 increased to Rs 796 cr from Rs 249 cr registered in Q1 ended 30 th June 2021. For the second quarter in succession, the company has achieved disbursements of close to Rs 800 cr. In Q4 last year, Sundaram Home Finance had registered disbursements of Rs 794 cr. Lakshminarayanan Duraiswamy, MD, Sundaram Home Finance said, “We have seen the positive disbursements trend from Q4 of last year continuing into Q1 this year driven by an increasing demand for home loans in Tier 2 and 3 towns in the Southern markets.”

Sundaram Home Finance Q1 net up 18% at Rs 47 crore

Disbursements for Q1 ended 30th June 2022 increased to Rs 796 cr from Rs 249 cr registered in Q1 ended 30 th June 2021.

Also Read

Overnight heavy rain spell in Chennai; over 1200 complaints received in 24 hours says GCC commissioner

Schools declared holiday in 5 Tamil Nadu districts, including Chennai as heavy rain continues

HIGHLIGHTS | Tamil Nadu rains: Schools closed in 5 districts, including Chennai, as twin low-pressure areas loom

Delhi Police transfers second case against CJP's Das, Ranka to Crime Branch

EPS on the back foot, but rivals face uphill task in GC