Date:29/10/2005 URL: http://www.thehindubusinessline.com/2005/10/29/stories/2005102902640600.htm

Back Sundaram Finance net up 52 pc in Q2

Our Bureau

Chennai , Oct. 28

SUNDARAM Finance Ltd has reported a net profit of Rs 23.25 crore for the second quarter of the current year, up 52 per cent from Rs 15.28 crore in the corresponding period last year. But, the company has pointed out that the results of the two quarters are not comparable because the results of the quarter under review includes the performance of the erstwhile Lakshmi General Finance Ltd, which was merged with Sundaram Finance earlier this year.

Sundaram Finance's income from operations and other income increased Rs 133.79 crore against Rs 90.56 crore previously.

The company is almost entirely into vehicle financing.