Sundaram Finance Q1 profit rises 22% as asset quality improves, AUM tops ₹62,200 crore
Author: CNBC-TV18 Markets·
Key Takeaways
- •Profit for the June quarter rose 22% year on year.
- •The growth was supported by healthy loan expansion, better asset quality and higher disbursements.
- •Sundaram Finance said it remains well placed to gain market share despite geopolitical and macroeconomic uncertainties.
- •The company’s asset under management exceeded ₹62,200 crore.
- •The results indicate continued demand in its financing businesses while portfolio stress remains limited.
Sundaram Finance reported a strong June quarter, with profit rising 22% on the back of healthy loan growth, improving asset quality and higher disbursements. The lender said it remains well placed to gain market share despite geopolitical and macroeconomic uncertainties. For a non-bank lender, the combination of loan growth and better asset quality is important because it shows the company is expanding without visible stress in the portfolio, while the higher disbursements point to continuing demand in its financing businesses. Its asset under management topping ₹62,200 crore adds another sign of scale at a time when lenders are watching credit quality closely across the industry.