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Non-banking finance company Sundaram Finance has reported 27.64 per cent growth on its net profits at Rs 70.69 crore for the quarter ending December 31, 2010 as against Rs 55.38 crore recorded during the same period of previous year.
For the nine months ending December 31,2010 the net profits grew by 27 per cent to Rs 197 crore compared with Rs 155 crore (excluding exceptional items) registered during the corresponding period of last year.
The disbursements for the nine months ending December 31, 2010 increases to Rs 5,410 crore, up 35.38 per cent, as against Rs 3,996 crore registered during the same period of last fiscal.
The company has declared an interim dividend of Rs seven per share, the statement added.
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