Sundaram Finance surges on reporting 23% rise in Q3 consolidated net profit
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Sundaram Finance is currently trading at Rs. 2303.30, up by 13.45 points or 0.59% from its previous closing of Rs. 2289.85 on the BSE.
The scrip opened at Rs. 2314.90 and has touched a high and low of Rs. 2327.85 and Rs. 2297.30 respectively. So far 315 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2443.50 on 19-Oct-2022 and a 52 week low of Rs. 1557.10 on 30-May-2022.
Last one week high and low of the scrip stood at Rs. 2327.85 and Rs. 2260.70 respectively. The current market cap of the company is Rs. 25543.89 crore.
The promoters holding in the company stood at 38.49%, while Institutions and Non-Institutions held 24.49% and 37.02% respectively.
Sundaram Finance has reported results for third quarter ended December 31, 2022. (Q3FY23)
The company has reported rise of 19.91% in its net profit at Rs 242.68 crore for Q3FY23 as compared to Rs 202.38 crore for the corresponding quarter previous year. Total income of the company increased by 5.18% to Rs 1011.04 crore for the quarter under review as compared to Rs 961.27 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 22.53% in its net profit at Rs 322.10 crore for Q3FY23 as compared to Rs 262.87 crore for the same quarter in the previous year. Total income of the company increased by 9.36% to Rs 1410.47 crore for the quarter under review as compared to Rs 1289.80 crore for the same quarter in the previous year.
