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Sundaram Home Finance reports net profit of over Rs 40 cr in FY22
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 c..
Sundaram Alternatives’s third real estate fund launched
Sundaram Alternatives has launched its third real estate fund, Sundaram Alternative Opportunities Series–High Yield Secured Real Estate Fund-3, an alternative investment arm of Sundaram Asset Management Company Ltd (SAMC), owned by Sundaram Finance Ltd, a leading non-banking financial company in India.
The real estate concentrated fund is a five year close-ended Category-2 alternative investment fund (AIF).
A press release issued by the company told the media that SA's High-Yield Secured Debt Fund-1 had repaid approximately 61% of capital in less than three years si..
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
