Sundaram Home Finance has unveiled plans to raise over Rs 6,000 crore to accelerate its growth during the current financial year. The funds proposed to be raised would be through a mix of refinance from NHB, bank debt, debentures and fixed deposits, an official said. Sundaram Home Finance reported a 26 per cent rise in its net profit for the January-March 2025 quarter to Rs 71.57 crore from Rs 56.80 crore registered in the corresponding quarter of last financial year. Disbursements made during the quarter under review stood at Rs 1,929 crore as against Rs 1,469 crore registered in the corresponding quarter of last financial year. The Assets Under Management during the financial year ending March 31, 2025 went up to Rs 17,470 crore from Rs 13,812 crore registered in the year ago period. On the outlook for the financial year, the city-headquartered company's MD D Lakshminarayanan said, "The emergence of small towns as an economic growth drive is throwing up a lot of new growth...

Sundaram Finance Ltd. has an average target of 5165.00 from 2 brokers.

Sundaram Finance Ltd.

29 Apr 2025

5269.20

1.01%

Sundaram Finance to revise deposit interest rates from May 1

Business Line

The revised interest rates for senior citizens will be 7.70 per cent for 12 months and 8.00 per cent for 24 and 36 months

Sundaram Finance Ltd. has gained 25.42% in the last 1 Year

Sundaram Finance Ltd.

18 Apr 2025

5269.20

1.01%

Sundaram Home Finance launches K'taka branch, eyes 900 cr loan disbursals

Business Standard

Sundaram Home Finance, a subsidiary of non-banking finance company Sundaram Finance Ltd, strengthened its footprint in Karnataka by launching a new branch in Tumkur. The company aims to disburse Rs 900 crore in the neighbouring State this year. The Chennai-headquartered company currently operates 18 branches across locations including Mysore, Mangalore, and Hubballi and has also planned to expand into Tier III cities this year. Commenting on the expansion in Karnataka, Sundaram Home Finance Managing Director D Lakshminarayanan said in a company statement on Friday: "We believe there are significant opportunities in smaller towns in Karnataka for our prime home finance business, and we aim to deepen our presence in these markets over the next 12 months." He added, "Karnataka currently contributes over 10 per cent of our disbursements, and we expect this to increase in the coming years, supported by our continued expansion in Tier II and III towns across the State." For the...

Sundaram Finance Ltd. has gained 16.20% in the last 1 Week

Sundaram Finance Ltd.

21 Mar 2025, 01:08PM

5269.20

1.01%

Sundaram Finance can top 6,200, gain another 24% by year-end; chart hints

Business Standard

Sundaram Finance stock has rallied nearly 23 per cent thus far in 2025, and is seen trading with a favourable bias across time-frames on the technical charts. Here are the key levels to track.

Sundaram Finance Ltd. has an average target of 5165.00 from 2 brokers.

Sundaram Finance Ltd.

18 Mar 2025

5269.20

1.01%

Sundaram Home expands presence in Chennai zone; aims Rs 50 cr disbursements

Business Standard

Sundaram Home Finance, a wholly owned subsidiary of non-banking finance company Sundaram Finance Ltd, has expanded its presence under the Emerging Business segment in the city, aiming to disburse Rs 50 crore over the next 12 months in the Chennai zone. The company inaugurated a new branch in Ambattur after establishing its first branch in Tambaram in January this year. In the Chennai zone, the company expects to register disbursements of Rs 50 crore. Sundaram Home Finance has already clocked disbursements of over Rs 200 crore in the Emerging Business segment and is looking to double this amount over the next 12 months, the company said. Commenting on the inauguration of the Ambattur branch, Sundaram Home Finance MD D Lakshminarayanan said, "Ambattur is rapidly growing into a separate township with increasing industrialization and a large number of manufacturing and IT firms in the area. We have been witnessing fast-paced infrastructure development in and around Ambattur." "In addit