Shares of non-banking financial company
(NBFC) Sundaram Finance surged 8% in early
trade today followingrobust Q1FY19
numbers posted after market hours
on Friday.
The company witnessed a ~26% yoy jump
in its standalone net profit at Rs140.72cr
for the quarter ended June 2018. Its
standalone revenue stood
at Rs767.03cr for Q1FY19 vs. Rs111.74cr in
the corresponding period of last year.
Disbursements for the quarter rose 19% to Rs4,062cr yoy vs. Rs3,420cr in
Q1 of the previous year.
Sundaram Finance Ltd is currently trading at Rs1,566.80 up by Rs90.6 or 6.14%
from its previous closing of Rs1,476.20 on the BSE.
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