Sundaram Home Finance to Raise Rs 60 Bn in FY25

09 May 2025 CW Team

Sundaram Home Finance has announced plans to raise over Rs 60 billion in the current financial year (FY25) to support its expansion strategy. The company will raise the funds through a mix of National Housing Bank refinance, bank debt, debentures, and fixed deposits.

The move follows a strong financial performance. Net profit rose by 26 per cent year-on-year to Rs 715.7 million in the January–March 2025 quarter, up from Rs 568 million. Disbursements during the quarter reached Rs 19.29 billion, compared to Rs 14.69 billion in the same period last year.

For FY25, total disbursements grew by 29 per cent to Rs 65.17 billion, from Rs 50.39 billion in FY24. The company’s assets under management increased by 26 per cent to Rs 174.7 billion from Rs 138.1 billion.

Managing Director Lakshminarayanan Duraiswamy said that smaller towns are becoming growth drivers. He added that the company would continue expanding into Tier II and Tier III cities while maintaining its presence in metros.

The company’s Emerging Business segment, which includes small business and affordable housing loans, saw over 60 per cent growth in disbursements, reaching Rs 2.29 billion. Sundaram Home Finance opened five new branches in Tamil Nadu and Andhra Pradesh to support this segment.

With a positive outlook on real estate demand, the firm plans to expand its presence further in southern India and scale its emerging business footprint.

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