Sundaram Home Finance Q2 2024 net profit decreased to Rs 44 crore, but disbursements, assets under management, and focus on growth segments rose.

Sundaram Home Finance reported a net profit of Rs 44 crore for Q2 2024, down from Rs 59 crore last year. However, disbursements rose by 27% to Rs 1,543 crore, and assets under management increased by 14% to Rs 13,888 crore. The company credits growth to its Emerging Business segment, focusing on small business loans and affordable housing. It plans to expand beyond South India, opening new branches in Pune and Indore, while hiring over 300 staff.

October 30, 2024
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