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Sundaram Finance Holdings profit grows 113% in Q4

CHENNAI: Sundaram Finance Holdings Ltd (SFHL) reported a strong quarter with a 113% hike in profit at Rs 32 crore, as against a profit of Rs 15 crore in the March-ended quarter last year.

The company registered a 56% rise in its net profit for the year ended March 31, 2019 at Rs 85 crore, compared to Rs 54 crore seen in the previous year.

The holding company for the non-financial services investments of the Sundaram Finance Group saw a 60% rise in revenue at Rs 121 crore this year. The board has recommended a dividend of Rs 1.75 per share on a face value of Rs 5 per share.

News credit : Indiatimes