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Sundaram Home Finance seeks to raise Rs 2,500 cr to fund growth plans

Sundaram Home Finance seeks to raise Rs 2,500 cr to fund growth plans
The city-based company had registered net profits at Rs 33.94 crore during correpsonding quarter previous year, Sundaram Home Finance said in a statement.
The disbursements in Q1 were driven by mid market segments, especially the salaried class (Source: PTI)
PTI
Updated Jul 29, 2021, 7:40 AM IST
Sundaram Home Finance Ltd, the subsidiary of non-banking finance company Sundaram Finance Ltd, reported a net profit at Rs 40.04 crore for the quarter ending June 30, 2021, the company said on Wednesday. The city-based company had registered net profits at Rs 33.94 crore during correpsonding quarter previous year, Sundaram Home Finance said in a statement. ....

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Sundaram Home Finance to raise ₹2,500 cr this fiscal - The Hindu BusinessLine

Sundaram Home Finance to raise ₹2,500 cr this fiscal - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Sundaram Home Fin plans to raise ₹2,500 cr.

Sundaram Home Fin plans to raise ₹2,500 cr.
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

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Sundaram Home Finance net surges 36%

Sundaram Home Finance net surges 36%
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Sundaram Home Finance Ltd., the wholly owned subsidiary of Sundaram Finance Ltd., reported third quarter net profit grew 36% to ₹56.24 crore.
Disbursements during the quarter stood at ₹416.57 crore compared to ₹536.33 crore in the year-earlier period. The deposit base stood at ₹1,825 crore, the company said in a statement.
“There is a shortage of houses and the pent-up demand is huge,” said Lakshminarayanan Duraiswamy, MD, Sundaram Home Finance.
“Our outlook is positive. Our focus will continue to be on the southern market as that offers huge opportunities,” he added.
He also said they had seen a revival of real estate markets across major metros as well as smaller towns, while a few States had also driven demand revival through a reduction in stamp duty and premium. In addition, builders/developers had softened prices to liquidate stock. ....

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