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Sundaram Finance Ltd has posted a 9 per cent drop in net profit at ₹103.5 crore for the quarter ended December 31, 2013, against ₹113.65 crore in the comparable previous year quarter.
Total income went up by over 4 per cent to ₹572.4 crore from ₹547.48 crore last year. Earnings per share dropped to ₹9.32 at the end of the third quarter from ₹10.23 in the previous year.
A press release from the company says for the nine month period ended December 31, 2013, disbursement remained flat at ₹7,384 crore. The deposit base stood at ₹1,630 crore at the end of the period.
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