Sundaram Finance profit rises 26% in June quarter

The Chennai-based non-banking financial company Sundaram Finance has posted a 26 per cent growth in net profit at Rs 95 crore for the quarter ended June 30, against Rs 75.36 crore in the comparable previous year quarter. Disbursements for the period under consideration went up by 31 per cent to Rs 2,413 crore from Rs 1,845 crore in the previous year period. The company continues to maintain its gross non-performing assets (NPA) at 0.73 per cent and net NPA at 0.18 per cent for the quarter ended June 30, 2012. Earnings per share stands at Rs 17.07 against Rs 13.57 registered in the previous year.