Sundaram Home Finance reports net profit of over Rs 40 cr in FY22

30 Jul 2021 CW Team

Sundaram Home Finance has reported a net profit of Rs 40.04 crore in Q1 FY22 against its profit of Rs 33.94 crore in the corresponding quarter of the previous year.

The company made disbursements of Rs 249.27 crore in the first quarter (Q1) of FY22, compared to Rs 99.98 crore in the same quarter of the last fiscal year.

According to a statement, the company plans for fund growth to raise Rs 2,500 crore in 2021 through debt instruments and bank funding.

The MD of Sundaram Home Finance, Lakshminarayanan Duraiswamy, said that the second wave of the Covid-19 pandemic caused uncertainty throughout the quarter though, the relaxation of the lockdown in June in most of the states led to a partial growth in the real estate demand at the end of the first quarter.

He also said that the disbursements made in Q1 were driven by mid-market segments, mostly of salaried classes in II and III tier towns.

The company is positive about the growth prospects for the rest of the year, leaving behind the worst, he said.

Sundaram Home Finance is a leading firm in the housing finance industry, which has 107 branches in the country. The company provides home and plot loans, home improvement, and loans against property, among others.

Image Source

Also read: Telangana plans to raise Rs 3,000 cr via layout regularisation scheme

Infrastructure Urban

09 Oct 2025

India, UK Chart New Course For Trade And Investment Ties

Union Minister of Commerce and Industry, Shri Piyush Goyal, and the Rt. Hon. Peter Kyle, UK Secretary of State for Business and Trade, held a bilateral meeting in Mumbai to set a renewed course for the India–UK trade and investment partnership.The meeting marked a major milestone towards operationalising the India–UK Comprehensive Economic and Trade Agreement (CETA). Both Ministers agreed to reposition the Joint Economic and Trade Committee (JETCO) to oversee its implementation, delivery, and long-term strategic coordination.They reaffirmed their shared commitment to ensuring swift and res..

Piyush Goyal Co-Chairs India–Qatar Trade Commission In Doha

Union Minister of Commerce and Industry, Shri Piyush Goyal, paid an official visit to Doha, Qatar, to co-chair the India–Qatar Joint Commission on Economic and Commercial Cooperation with H.E. Sheikh Faisal bin Thani bin Faisal Al Thani, Qatar’s Minister of Commerce and Industry.This was the first meeting of the upgraded Joint Commission, following the decision during the visit of the Amir of Qatar to India in February 2025 to elevate the earlier Joint Working Group on Trade and Commerce. The visit reaffirmed the two nations’ strong commitment to advancing bilateral economic engagement a..

Centre Approves Rs 246 Billion Railway Expansion Projects

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved four major railway infrastructure projects worth approximately Rs 246 billion (Rs 24,634 crore). These multi-tracking projects, spread across Maharashtra, Madhya Pradesh, Gujarat, and Chhattisgarh, aim to enhance rail connectivity, ease congestion, and improve logistics efficiency.The approved projects include:Wardha–Bhusawal (Maharashtra): Third and fourth line – 314 kmGondia–Dongargarh (Maharashtra & Chhattisgarh): Fourth line – 84 kmVadodara–Ratlam (Gujarat & Madhya Prad..