28 May 2020 | 7:44 AM

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Sundaram Finance Q2 net profit jumps 74.32% at Rs 269.00 cr
  Sundaram Finance Ltd. | 16 Jan 2020 | 03:42 PM
Published on 11-12-2019
The company reported standalone net profit of Rs 269.00 crore for the quarter ended September 30 2019 as compared to Rs 154.31 crore in the same period last year registering a year-on-year growth of 74.32 per cent.


Net revenue of the company rose substantially by 21.89 per cent at Rs 993.67 crore in July-September quarter of this fiscal as against Rs 815.19 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 30.33 per cent to Rs 191.30 crore from Rs 146.78 crore in year ago period.


Other Income grew by 1412.71 per cent at Rs 64.29 crore versus (Sep`18 Rs 4.25 crore).


Operating Profit surged by 20.04 per cent to Rs 802.38 crore as against Rs 668.41 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1.51 per cent in September quarter.


Interest grew by 23.28 per cent y-o-y to Rs 526.61 crore while Taxation decreased by 32.13 per cent at Rs 53.06 crore (Sep`18 Rs 78.18 crore).