InvestorQ : Do you like the Sundaram Finance stock after the latest results announced?
shrinidhi Rajan made post

Do you like the Sundaram Finance stock after the latest results announced?

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3 months ago
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It was another set of stellar quarterly numbers by Sundaram Finance, the conservative NBFC based out of Chennai. It registered a 45% increase in net profit for the Dec-20 quarter. Net profits for the quarter stood at Rs.242 crore compared to Rs.167 crore in the Dec-19 quarter. Sundaram disbursed loans worth Rs. 4307 crore, up 8.5% quarterly on a yoy basis. Net income for Q3 was also up 7% at Rs.1045 crore in the Dec-20 quarter.

Sundaram Finance made the best of the festive season, which proved to be strong for the auto segment. In fact, passenger cars, tractors and construction equipment segments did extremely well in Q3. Sundaram is betting on the strong infrastructure push announced in the Central budget to sustain the growth momentum.

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