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Sundaram Home net up

Corporate Reporter

CHENNAI: Sundaram Home Finance, the home finance subsidiary of Sundaram Finance, has announced that its net profit for the year ended March 31, 2011 has risen by 72 per cent to Rs. 47.68 crore from Rs. 27.72 crore in the corresponding period in the previous year, despite making additional provision of Rs. 9.94 crore mandated by the regulator for the loans disbursed under special scheme, says a company release.

The company has declared a dividend of Rs 1.50 per share against Re. 1 per share.

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