Tag: Sundaram Home Finance

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Sundaram Home expands to Karnataka, targets ₹60 crore in EB loans

CHENNAI: Sundaram Home Finance has entered the Karnataka market with plans to disburse Rs 60 crore in its first year of operations in the state under its Emerging Business segment. In the initial stage of expansion, the Chennai-based firm intends to open 8-10 branches in Tier II and III towns in Karnataka, according to a press release issued on Tuesday. Sundaram Home Finance is a subsidiary of Sundaram Finance Ltd. The company currently operates over 50 branches in Tamil Nadu and Andhra Pradesh within the Emerging Business segment, having disbursed Rs 200 crore in this category last year. The Emerging…

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Sundaram Home Finance Q1 FY26 Net Profit at ₹62 Crore

CHENNAI: Sundaram Home Finance Ltd reported a slight drop in its net profits, reaching Rs 62 crore for the quarter of April to June 2025, as announced on Saturday. In the same quarter last year, the company had a net profit of Rs 66 crore. During the reviewed quarter, disbursements increased to Rs 1,488 crore, compared to Rs 1,353 crore during the corresponding quarter last year. The company also noted growth in its Assets Under Management (AUM), which rose to Rs 18,027 crore as of June 30, 2025, up from Rs 14,533 crore a year earlier. In the June quarter,…

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Sundaram Home Finance to raise ₹6,000 crore in FY26

Representative image CHENNAI: Sundaram Home Finance has announced its intention to raise over Rs 6,000 crore to enhance its growth in the current financial year. The funding will be achieved through various means including refinancing from NHB, bank loans, debentures, and fixed deposits, as stated by an official. Sundaram Home Finance reported a 26% increase in net profit for the January-March 2025 quarter, reaching Rs 71.57 crore compared to Rs 56.80 crore in the same quarter of the previous financial year. Disbursements in the reviewed quarter amounted to Rs 1,929 crore, up from Rs 1,469 crore in the previous year’s…