The share price of the Sundaram Finance hiked around 8% in an early trade on Monday, August 27 as the company reported the robust June quarter numbers. The profit for the first quarter of Sundaram Finance reached INR 140.73 crores while it reported only INR 111.74 crore during the same quarter in the last year means the profit was increased 26%.

The overall revenue from the operations was up 22% to INR 753.2 crore vs INR 614.7 crore. The Quarter 1 disbursements grew 19% to INR 4,062 crore while INR 3,420 crore was registered in the previous year’s Q1. Assets under Management grew whopping 21% to INR 25,740 crore vs INR 21,360 crore.

At 3:59 PM August 27, the share price was quoting INR 1,548 up INR 74.40 or 5.05% on NSE.