Sundaram Finance posted a good set of earnings in Q4 as asset quality improved.
In an interview to CNBC-TV18, TT Srinivasaraghavan, Managing Director of Sundaram Finance spoke about the results and his outlook for the company.
“Because our asset quality was well controlled, Q4 (FY17) we were able to focus very much on new opportunities and all of that translated into these end numbers”, he said.
The company sees opportunity in construction equipment area. “We see that as a growth area”, he added.
“Finance Minister spoke a lot in terms of rural roads and rural irrigation projects. That is an area which potentially speaks to the construction equipment opportunity”, said Srinivasaraghavan.
Speaking about medium and heavy commercial vehicles sales, he said, “It looks like medium and heavy will continue to be muted this year as well driven partly by the fact that BS-IV thing is still being assessed”.
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