: Non-banking finance company Sundaram Finance has registered a 35.2 per cent rise in its quarter ending December 31, 2016 to Rs 138.24 crore.
The Chennai-based company had registered net profit at Rs 102.18 crore during corresponding quarter of previous year.
Total income from operations for the October-December 31, 2016 quarter marginally went upto Rs 598.12 crore from Rs 590.67 crore registered during year ago period, the company said in a statement.
For the nine month period ending December 31, 2016, total income from operations went upto Rs 1,747.64 crore from Rs 1,730.08 crore registered during year ago period.
Profit for the nine month period ending December 31, 2016 are not comparable with the corresponding period of previous year as it include an one time profit of Rs 40.64 crore arising from the sale of equity shares of BNP Paribas Sundaram Global Securities Operations Pvt Ltd, it said.
(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)
Source: dnaindia.com