Sundaram Finance Q2 profit rises 6 pc to ₹517 cr, to acquire Sundaram Alternate Assets
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sundaram Finance reported a 6 per cent rise in consolidated net profit to ₹517 crore for the second quarter ended September 30.
- ✓The company also plans to acquire Sundaram Alternate Assets for ₹75 crore.
- ✓Executive Vice Chairman Harsha Viji said, "We remain committed to our time-tested approach of steady, sustainable growth."
Story at a Glance
- Category
- BUSINESS
- Reported By
- mint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
New Delhi, Nov 5 (PTI) Sundaram Finance Ltd on Thursday reported a 6 per cent increase in consolidated net profit to ₹517 crore for the second quarter ended September 30, 2026.
The non-banking finance company had posted a net profit of ₹488 crore in the July-September quarter a year ago.
The company's total consolidated income rose to ₹2,749 crore during the quarter under review, up from ₹2,401 crore a year earlier, Sundaram Finance said in a regulatory filing.
The board also approved the proposed acquisition of a 100 per cent stake in Sundaram Alternate Assets Ltd (SAAL), a wholly-owned subsidiary of Sundaram Asset Management Company Ltd (SAMCL), which in turn is a wholly-owned subsidiary of the company.
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