Sundaram Finance Ltd on Thursday reported a 6 per cent increase in consolidated net profit to Rs 517 crore for the second quarter ended September 30, 2026. The non-banking finance company had posted a net profit of Rs 488 crore in the July-September quarter a year ago. The company's total consolidated income rose to Rs 2,749 crore during the quarter under review, up from Rs 2,401 crore a year earlier, Sundaram Finance said in a regulatory filing. The board also approved the proposed acquisition of a 100 per cent stake in Sundaram Alternate Assets Ltd (SAAL), a wholly-owned subsidiary of Sundaram Asset Management Company Ltd (SAMCL), which in turn is a wholly-owned subsidiary of the company. "To simplify the group shareholding structure, it is proposed to acquire the entire shareholding of 3,90,53,158 equity shares of Rs 10 each held by SAMCL in SAAL, to make SAAL a direct subsidiary of Sundaram Finance, instead of a step-down subsidiary," it said. The acquisition is proposed to be
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