Sundaram Finance Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 27, 2017 at 04:55 am
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Sundaram Finance Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported the company reported income from operations of INR 5,981.268 million compared to INR 5,908.758 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 4,551.168 million compared to INR 4,494.168 million a year ago. Profit from ordinary activities before tax was INR 2,010.810 million compared to INR 1,472.374 million a year ago. Profit from ordinary activities after tax was INR 1,382.433 million compared to INR 1,021.829 million a year ago. Net profit for the period was INR 1,382.433 million compared to INR 1,021.829 million a year ago. Basic and diluted earnings per share was INR 12.44 compared to INR 9.20 a year ago.
For the nine months, the company reported the company reported income from operations of INR 17,476.436 million compared to INR 17,300.874 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 13,281.154 million compared to INR 13,040.885 million a year ago. Profit from ordinary activities before tax was INR 5,179.647 million compared to INR 5,117.728 million a year ago. Profit from ordinary activities after tax was INR 3,561.008 million compared to INR 3,551.704 million a year ago. Net profit for the period was INR 3,561.008 million compared to INR 3,551.704 million a year ago. Basic and diluted earnings per share was INR 32.05 compared to INR 31.97 a year ago.
Sundaram Finance Limited is an India-based non-banking finance company. The Company, together with its subsidiaries and joint venture, is engaged in the business of financing of commercial vehicles, cars, construction equipment, other vehicles and housing finance in the retail segment, business of investments, mutual funds, general insurance, retail distribution of a wide array of financial services and products, information technology, business processing and support services. Its segments include Asset Financing and Others. The Company's subsidiaries include Sundaram Finance Holdings Limited, Sundaram Home Finance Limited, Sundaram Asset Management Company, Sundaram Trustee Company Limited, LGF Services Limited, Sundaram Fund Services Limited, Sundaram Finance Employee Welfare Trust, Sundaram Business Services Limited, Sundaram Asset Management Singapore Pte limited, Sundaram Alternate Assets Limited, SAMC Support Services Private Limited and SAMC Services Private Limited.
SUNDARAM FINANCE LIMITED 
