Sundaram Finance net up 5% in Q1

Chennai-based non-banking finance company Sundaram Finance reported a little over 5 per cent growth in net profit at ₹122 crore for the quarter ended June 30, 2014, against ₹116 crore in the comparable previous year quarter. Income from operations stood at ₹540 crore, marginally more than the ₹537 crore posted last year. Other income rose to ₹38 crore (₹26 crore last year). This includes profit of ₹26 crore on sale of 6.25 lakh equity shares of ₹10 each in Credit Information Bureau (India) Ltd. Earnings per share increased to ₹11 for the quarter ended June 30, 2014, from ₹10.44 in the corresponding quarter last year.