Sundaram Home Finance

Sundaram Home Finance delivered a solid financial performance in the December quarter, reporting a 20 percent year-on-year increase in net profit, reflecting steady demand for housing finance and disciplined cost management. The company benefited from healthy loan disbursements, stable asset quality and a favorable interest rate environment that supported margins. Despite a cautious macroeconomic backdrop, the lender demonstrated resilience by maintaining prudent underwriting standards and expanding its retail mortgage portfolio.

Sundaram Home Finance has launched Anugraha, a new initiative designed to provide tailored housing finance solutions for families seeking affordable homes. The program aims to cater to aspiring homeowners in smaller towns and semi-urban areas, reinforcing the company’s commitment to financial inclusion in India’s real estate sector. By targeting underserved communities, Sundaram Home Finance seeks to bridge the affordability gap, expand its customer base, and contribute to the nation’s housing growth story.

Sundaram Home Finance, a subsidiary of Sundaram Finance Ltd., has reached a significant milestone by crossing Rs. 1,000 crore in disbursements in markets outside South India during FY 2024-25. The company’s strategic expansion beyond its traditional southern stronghold has driven this success, particularly in Maharashtra, Rajasthan, Madhya Pradesh, and Chhattisgarh. With total disbursements up 29% year-on-year to Rs. 6,517 crore, Sundaram Home Finance has doubled the share of non-south markets to 20% of its overall portfolio, underscoring a decisive shift towards pan-India growth.

Sundaram Home Finance, the housing finance arm of Sundaram Finance Ltd., is ramping up its presence in Karnataka with a strategic expansion into emerging towns, including the recent launch of a new branch in Tumkur. Backed by a robust 30% year-on-year growth in disbursements during the April–December 2024 period, the company aims to disburse Rs. 900 crore across the state by the end of the current fiscal.