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Sundaram Home Finance reported a notable 26% increase in net profit for the January-March 2025 quarter, amounting to INR 71.57 crore, driven by substantial growth in small town disbursements. The had previously registered a net profit of INR 56.80 crore in the same quarter last year. For the full financial year ending March 31, 2025, the net profit rose by 4% to INR 244.66 crore. Disbursements for the quarter reached INR 1,929 crore, a significant increase from INR 1,469 crore in the prior year period. The company also expanded its footprint beyond Tamil Nadu, establishing five new branches in Andhra Pradesh during FY2025.
Sundaram Home Finance has reported a 26% increase in net profit for the January-March 2025 quarter, reaching INR 71.57 crore. The Chennai-based company had recorded a net profit of INR 56.80 crore during the same quarter in the previous financial year. Advertisement
For the financial year ending March 31, 2025, the company, a wholly owned subsidiary of Sundaram Finance Ltd, achieved a 4% growth in net profit, amounting to INR 244.66 crore compared to INR 235.82 crore in the preceding year.
The company's robust performance was attributed to strong disbursements driven by its focus on Tier II and III towns. Disbursements during the quarter under review surged to INR 1,929 crore, up from INR 1,469 crore in the corresponding quarter last year. For the entire financial year, disbursements increased to INR 6,517 crore, marking a rise from INR 5,039 crore recorded in the previous year.
Company Managing Director D Lakshminarayanan noted that in line with the company's growth strategy of penetrating smaller towns, the firm intensified its focus on Tier II and III towns over the past year. In a company statement, he said that Sundaram Home Finance had marked its 25th year of operations with a strong disbursement growth of around 30%, fuelled by expanding its branch network across the country.
Under its Emerging Business segment, the company achieved disbursements of INR 229 crore in FY2025, surpassing the INR 200 crore mark for the first time. Additionally, as part of its strategic expansion, the company ventured beyond Tamil Nadu, opening five new branches in Andhra Pradesh.
As of March 31, 2025, the company's total deposit base stood at INR 2,224 crore. Having commenced operations in October 1999, Sundaram Home Finance celebrated its 25th anniversary during the financial year, consolidating its presence with over 160 branches nationwide.
The milestone achievement of breaching the INR 200 crore mark in disbursements under its Emerging Business segment also indicates promising potential for further growth. With its recent foray into Andhra Pradesh and its steadily expanding branch network, Sundaram Home Finance appears well-positioned to sustain its upward trajectory in the coming quarters.
Source - PTI
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