Sundaram Finance Ltd has reported a 28 per cent increase in net profit, to Rs 91 crore, for the third quarter ended December 31 as against Rs 71 crore for the corresponding quarter last year. Revenue too increased by 28 per cent to Rs 444 crore (Rs 347 crore).
The Chennai-based company, which is engaged in the business of financing, has declared an interim dividend of Rs 7.50 per share (75 per cent on the face value of Rs 10 per share) for the financial year 2011-12. This will be paid on February 10.
Employee costs increased by nearly 24 per cent, to Rs 36 crore (29 crore).