Revenues up at Rs. 28.03 crores
Sundaram Finance Holdings Ltd. (SFHL) has registered a net profit of Rs. 20.01 crores for the Q1 ended June 30, 2018, as compared to Rs. 6.35 crores registered in the corresponding quarter of the previous year.
Revenues for the Q1 ended June 30, 2018, went up to Rs. 28.03 crores from Rs. 10.31 crores registered in the same period last year.
SFHL is the holding company for all non-financial services investments of the Sundaram Finance Group. Over nearly six decades, Sundaram Finance has invested in various non-financial services businesses, including several investments in automotive and manufacturing businesses as a co-promoter along with TVS group companies.
A majority of the company’s investments are in the auto components sector. Significant investments include Sundaram Clayton, Wheels India, IMPAL (all listed), and Brakes India, Turbo Energy (both unlisted) – most of them leaders in their respective markets.
The company was listed on the NSE on March 26, 2018.