CHENNAI, May 17: Sundaram Finance Holdings Ltd
Friday said its net profits clocked over 100 per cent rise for
the fourth quarter ending March 2019 to Rs 32 crore.
The wholly-owned subsidiary of city-based Sundaram
Finance Group, recorded net profits at Rs 15 crore in same
period of last fiscal.
For the year ending March 2019, net profits of the
company went up by 57.4 per cent to Rs 85 crore, from Rs 54
crore registered year ago.
Revenues for the quarter ending March 2019 grew to
Rs 42 crore from Rs 23 crore registered in the corresponding
period of previous year.
Revenues for the year ending March 31, 2019 surged to
Rs 121 crore as compared to Rs 76 crore last fiscal.
The Board at its meeting recommended a dividend of Rs
1.75 per share on face value of Rs five per share.
In February 2017, the company announced a composite
scheme of arrangement under which all non-financial services
investments of the company together with identified shared
services businesses were demerged into Sundaram Finance
Holdings Ltd, a wholly-owned subsidiary, the statement added.
(PTI)
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