Sundaram Home Finance Q4 Results: Profit rises 29% YoY to Rs 216 crore

Sundaram Home Finance, a wholly owned subsidiary of Sundaram Finance, reported a 29% rise in its net profit for FY23 at Rs 216 crore as compared with Rs 168 crore in the preceding fiscal.

Its assets under management grew 19% year-on-year to Rs 11005 crore at the end of March from Rs 9281 crore a year back.

“The demand in the real estate sector continues to be positive. We are confident of continuing our growth trajectory in FY24. Our growth will continue to be driven by expansion in tier 3 and 4 towns this year,” said managing director Lakshminarayanan Duraiswamy.