Sundaram House Finance reported a web revenue of ₹62.55 crore for the third quarter that ended December 31, 2024, marginally larger than the ₹62.28 crore recorded within the corresponding quarter of the earlier 12 months. Disbursements for the quarter surged by 35 per cent to ₹1,692 crore, in comparison with ₹1,252 crore within the year-ago interval.
December 2024 noticed the corporate obtain a document month-to-month disbursement of ₹618 crore, the very best in its historical past. “Our document disbursement in December displays the corporate’s potential to leverage development alternatives throughout market segments and geographies,” mentioned D Lakshminarayanan, Managing Director, Sundaram House Finance.
For the 9 months that ended December 31, 2024, the corporate posted a web revenue of ₹173.09 crore, barely decrease than ₹179.03 crore reported throughout the identical interval in 2023. Disbursements throughout this era had been up 29 per cent to ₹4,588 crore, as towards ₹3,569 crore within the earlier 12 months.
“The constructive development in disbursements through the first 9 months has been pushed by end-user demand, improved affordability, metro growth and development in smaller cities. The newly-launched ‘Rising Enterprise’ (EB) phase has proven promising efficiency, whilst we proceed to study this new market and its clients,” he mentioned.
The corporate’s Property Beneath Administration (AUM) reached ₹14,577 crore as of December 31, 2024, recording 14 per cent development from ₹12,800 crore as of December 31, 2023.
The corporate opened 12 new branches within the first 9 months of the monetary 12 months and employed over 500 workers. In Q3, Sundaram House Finance entered Chhattisgarh and Andhra Pradesh by way of its EB phase whereas additionally strengthening its presence in Madhya Pradesh and Tamil Nadu with further branches.
The corporate is optimistic about sustaining this development trajectory in each the prime and rising enterprise segments within the close to time period, added Lakshminarayanan.
