Growth strategy to pivot around self-employed customer segments

CHENNAI: Sundaram Home Finance, the wholly owned subsidiary of Sundaram Finance Ltd, would continue to pivot around self-employed customer segments as part of its growth strategy, a top official said on Wednesday. The city-based company reported a 21.4 per cent rise on its net profit for the April-June 2023 quarter at Rs 57.42 crore, from Rs 47.26 crore registered in the corresponding period of last year. Disbursements made during the quarter under review grew by 38.6 per cent to Rs 1,103.51 crore from Rs 795.69 crore registered in the corresponding period of last year.