Sundaram Finance Q4 net rises 60%, NPAs decline
The Hindu
COVID wave may delay recovery to Jan.-March: DMD Raju
Sundaram Finance Ltd. reported a 60% rise in standalone net profit for the quarter ended March 31 (Q4) to ₹209 crore. Disbursements climbed 13% to ₹3,305 crore. For FY21, the company saw net profit grow to ₹809 crore from ₹724 crore in the previous year. Disbursements declined to ₹11,742 crore (₹15,175 crore). This was primarily due to the COVID-led lockdown and associated disruptions to the overall economy in Q1 and Q2 of FY21, and the adverse impact to the automotive sector, said Rajiv Lochan, managing director.
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