Latest news with #SundaramHomeFinance
Time of India
26-07-2025
- Business
- Time of India
Sundaram Home Finance records net profit of ₹62 crore in Q1 FY26
CHENNAI : Sundaram Home Finance Ltd has reported a marginal decline in its net profits at Rs 62 crore for the April-June 2025 quarter, the company said on Saturday. The city-based company had registered a net profit of Rs 66 crore during the corresponding quarter of the last financial year. The disbursements made during the quarter under review grew to Rs 1,488 crore, as compared to Rs 1,353 crore disbursed during the same quarter of the last financial year. Sundaram Home Finance recorded a jump on its Assets Under Management (AUM) at Rs 18,027 crore as on June 30, 2025 from Rs 14,533 crore registered as on June 30, 2024, the company said in a statement here. During the June quarter, the company expanded its presence in Madhya Pradesh by opening two more new branches in Ratlam and Pithampur. Sundaram Home Finance is a wholly owned subsidiary of city-headquartered non-banking finance company Sundaram Finance Ltd. It provides home and plot loans, loans against property among others. The company has over 150 branches across the country.
News18
26-07-2025
- Business
- News18
Sundaram Home Finance sets Rs 180 cr disbursal target in Gujarat
Chennai, Jul 26 (PTI) Sundaram Home Finance, which is expanding its presence beyond South India, has set a target of disbursing Rs 180 crore in Gujarat this year, a top official said. During the April-June 2025 quarter, the company inaugurated four branches in the western state, including one in Surat. 'This year, the company is targeting disbursements of around Rs 180 crore in Gujarat, up from Rs 129 crore disbursed in the state last year," the Chennai-based lender said in a press release on Saturday. Commenting on the development, managing director D Lakshminarayanan said, 'While we continue to play to our strengths in Southern markets, we are also exploring growth opportunities in select geographies outside the South in the prime home finance segment." On the company's strategic focus on smaller towns, he added, 'We are continuing to expand in tier II and III towns. We believe there is strong potential in these markets to establish and grow our 'emerging business segment', which will lay the foundation for future growth." Announcing its financial results, Sundaram Home Finance reported a marginal dip in net profit for the April-June 2025 quarter at Rs 62 crore, compared to Rs 66 crore in the same period last year. The company disbursed Rs 1,488 crore worth of loans during the quarter, up from Rs 1,353 crore in the corresponding quarter of the previous year. Traditionally strong in South India, Sundaram Home Finance has expanded its footprint into Maharashtra, Rajasthan, Madhya Pradesh, and Chhattisgarh. PTI VIJ SSK VIJ SSK ADB view comments First Published: July 26, 2025, 14:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
26-07-2025
- Business
- News18
Sundaram Home Finance records April-June 2025 quarter net profit at Rs 62 cr
Chennai, Jul 26 (PTI) Sundaram Home Finance Ltd has reported a marginal decline in its net profits at Rs 62 crore for the April-June 2025 quarter, the company said on Saturday. The city-based company had registered a net profit of Rs 66 crore during the corresponding quarter of the last financial year. The disbursements made during the quarter under review grew to Rs 1,488 crore, as compared to Rs 1,353 crore disbursed during the same quarter of the last financial year. Sundaram Home Finance recorded a jump on its Assets Under Management (AUM) at Rs 18,027 crore as on June 30, 2025 from Rs 14,533 crore registered as on June 30, 2024, the company said in a statement here. During the June quarter, the company expanded its presence in Madhya Pradesh by opening two more new branches in Ratlam and Pithampur. Sundaram Home Finance is a wholly owned subsidiary of city-headquartered non-banking finance company Sundaram Finance Ltd. It provides home and plot loans, loans against property among others. The company has over 150 branches across the country. PTI VIJ VIJ ADB Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
26-06-2025
- Business
- The Hindu
Sundaram Home Finance aims to disburse ₹300 cr. in Madhya Pradesh
Sundaram Home Finance, the wholly-owned subsidiary of Sundaram Finance Ltd, has strengthened its footprint in Madhya Pradesh with the opening of two new branches, a top official said on Thursday. The city-headquartered company inaugurated a branch in Pithampur and Ratlam and has targeted disbursements of ₹300 crore in Madhya Pradesh this financial year. "This expansion in Madhya Pradesh is in line with our stated intent of identifying select growth opportunities in Tier II and III towns outside South India and building a stronger base in states where we already present in," Sundaram Home Finance MD D Lakshminarayanan said in a company statement here. The company currently operates two branches in Indore and one in Bhopal. With the current expansion in Pithampur and Ratlam, the total number of branches operated by Sundaram Home Finance in Madhya Pradesh increases to five. On the reasons behind expanding presence in Madhya Pradesh, Lakshminarayanan said the Central state is an important market for Sundaram Home Finance outside South India. "Rapid industrial growth is leading to increased affordability among the customers in that state. Over the last 12 months, we have seen a strong demand for home finance in larger towns like Indore and Bhopal in the mid-segment with a typical ticket size of about Rs 40 lakh", he said. He expected similar demand to continue for residential properties in Pithampur and Ratlam and expressed confidence of leveraging the increasing growth opportunities in Madhya Pradesh. The company crossed the milestone by disbursing ₹1,000 crore outside South India operations last year. The company has over 150 branches across the country.
Time of India
26-06-2025
- Business
- Time of India
Sundaram Home Finance aims to disburse Rs 300 crore in Madhya Pradesh
Sundaram Home Finance , the wholly-owned subsidiary of Sundaram Finance Ltd , has strengthened its footprint in Madhya Pradesh with the opening of two new branches, a top official said on Thursday. The city-headquartered company inaugurated a branch in Pithampur and Ratlam and has targeted disbursements of Rs 300 crore in Madhya Pradesh this financial year. "This expansion in Madhya Pradesh is in line with our stated intent of identifying select growth opportunities in Tier II and III towns outside South India and building a stronger base in states where we already present in," Sundaram Home Finance MD D Lakshminarayanan said in a company statement here. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Bejaia (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo The company currently operates two branches in Indore and one in Bhopal. With the current expansion in Pithampur and Ratlam, the total number of branches operated by Sundaram Home Finance in Madhya Pradesh increases to five. On the reasons behind expanding presence in Madhya Pradesh, Lakshminarayanan said the Central state is an important market for Sundaram Home Finance outside South India. Live Events "Rapid industrial growth is leading to increased affordability among the customers in that state. Over the last 12 months, we have seen a strong demand for home finance in larger towns like Indore and Bhopal in the mid-segment with a typical ticket size of about Rs 40 lakh", he said. He expected similar demand to continue for residential properties in Pithampur and Ratlam and expressed confidence of leveraging the increasing growth opportunities in Madhya Pradesh. The company crossed the milestone by disbursing Rs 1,000 crore outside South India operations last year. The company has over 150 branches across the country.
