Finance company Sundaram Finance announced Q4FY25 & FY25 results Consolidated Q4FY25 & FY25 Financial Highlights: The assets under management (AUM) in our lending and general insurance businesses stood at Rs 78,145 crore as on 31st March 2025 as against Rs 66,472 crore as on 31st March 2024, a growth of 18%. The assets under management of our asset management business stood at Rs 71,826 crore as on 31st March 2025 as against Rs 70,883 crore as on 31st March 2024. Profit after tax for FY25 grew by 31% to Rs 1,879 crore as compared to Rs 1,436 crore in FY24. Standalone Q4FY25 & FY25 Financial Highlights: Disbursements for Q4FY25 grew by 11% to Rs 6,873 crore as compared to Rs 6,209 crore registered in Q4FY24. Disbursements for FY25 grew by 9% to Rs 28,405 crore as compared to Rs 26,163 crore registered in FY24. The assets under management grew by 17% to Rs 51,476 crore as on 31st March 2025 as against Rs 43,987 crore as on 31st March 2024. Net interest income grew by 22% to Rs 2,793 crore in FY25 from Rs 2,284 crore in FY24 Gross stage 3 assets as on 31st March 2025 stood at 1.44% with 49% provision cover as against 1.26% with provision cover of 50% as on 31st March 2024. Net stage 3 assets as on 31st March 2025 closed at 0.75% as against 0.63% as on 31st March 2024. The Gross and Net NPA, as per RBI’s asset classification norms for NBFCs, are 2.17% and 1.38% respectively as against 1.98% and 1.25% as of 31st March 2024. Cost to income ratio improved to 30.80% in FY25 as against 34.68% in FY24. Profit after tax registered a 6% rise in FY25, with net profit at Rs 1,543 crore. After excluding exceptional item in FY24, profit after tax rose 16% in FY25. Return on assets (ROA) for FY25 closed at 2.85% as against 3.18% for FY24. Return on equity (ROE) was at 16.30% for FY25 as against 17.51% for FY24. The Company has declared a final dividend of Rs 21/- per share (210%). Harsha Viji, Executive Vice Chairman. said, “Team Sundaram has delivered 17% growth in AUM to Rs 51,476 crore, asset quality with net stage 3 at 0.75% vs 0.63% last year and profits from operations growing 29% year-on-year. Our Group companies in asset management, general insurance and home finance have continued their trajectory from FY24 and recorded strong results. We continue to rely on our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability," Rajiv Lochan, Managing Director, stated, “FY25 was marked by subdued demand due to an extreme summer, general elections, a dull festive season and global volatility driven by tariff-related uncertainty as well as geopolitical complications. Customer outlook was, by and large, cautious and the burden of economic growth was largely supported by Government capex, which ended up at levels lower than the previous year. Given the uncertainties in the external demand, our focus on market share has remained clear. We have gained market share across nearly major asset classes that we focus on, resulting in 17% growth in AUM for FY25 and our laser-sharp focus on controlling our costs – borrowing, operating & credit – resulted in a 29% growth in profits from operations.” “Looking ahead, we expect macroeconomic sentiments to improve on the rural front because of above normal monsoons forecasted by the IMD and strong procurement, and, on the urban front, due to an improvement in government spending on infrastructure as well as the income tax benefits announced in the union budget. As private consumption improves, private sector capex will likely pick up. We are well positioned to continue our marathon running - steady growth, best-in-class asset quality and continued resilient profitability - and in delivering the Sundaram experience to our customers, people and partners,” he added. Result PDF
Finance (including NBFCs) company Sundaram Finance announced H1FY25 results Standalone Financial Highlights: Disbursements for H1FY25 grew by 3% to Rs 13,768 crore as compared to Rs 13,430 crore registered in H1FY24. The assets under management grew by 20% to Rs 48,058 crore as on 30thSeptember 2024as against Rs 40,106 crore as on 30th September 2023. Net interest income grew 19.4% to Rs 1,304 crore in H1FY25 from Rs 1,092 crore in H1FY24. Gross stage 3 as on 30th September 2024 stood at 1.62% with 45% provision cover as against 1.86% with provision cover of 42% as on 30th September 2023. Net stage 3 as on 30thSeptember 2024 closed at 0.89% as against 1.08% as on 30th September 2023. The Gross and Net NPA, as per RBI's asset classification norms for NBFCs, are 2.39% and 1.55% respectively as against 2.89% and 2.06% as of 30th September 2023. Profit from operations increased by 23% in H1FY25 as compared to H1FY24. Cost to income ratio closed at 32.27% in H1FY25 as against 35.18% in H1FY24. The dividend income was lower during H1FY25 at Rs 43 crore as against Rs 181 crore in H1FY24. Profit after tax was flat at Rs 648 crore during H1FY25 and H1FY24. Return on assets (ROA) for H1FY25 closed at 2.50% as against 2.95% for H1FY24. Return onequity (ROE) was at 14.2% for H1FY25 as against 16.2% for H1FY24. Capital Adequacy Ratio stood at 20.0% (Tier I 16.4%) as of 30th September 2024 compared to 19.9% (Tier I 15.9%) as of 30th September 2023. Consolidated Financial Highlights: The assets under management (AUM) in our lending and general insurance businesses stood at Rs 72,541 crore as on 30th September 2024 as against Rs 60,578 crore as on 30th September 2023, a growth of 20%. The assets under management of our asset management business stood at Rs 76,845 crore as on 30th September 2024 as against Rs 61,884 crore as on 30th September 2023, a growth of 24%. Profit after tax for H1FY25 grew by 18% to Rs 871 crore as compared to Rs 741 crore in H1FY24. Harsha Viji, Executive Vice Chairman, Sundaram Finance, said: Team Sundaram has delivered a balanced H1FY25 despite lower-than-expected economic activity in the half year. Assets under management grew by 20% to Rs 48,058 crore compared to the prior year period. Net stage 3 assets closed at 0.89% and profit after tax for H1FY25 was at Rs 648 crore.Our Group companies in asset management, general insurance and home finance have continued their trajectory from FY24 and recorded strong results. We continue to rely on our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability," Rajiv Lochan, Managing Director, Sundaram Finance, said: Economic activity in Q2 was well below expectations with the monsoons disrupting consumption and government spending being slower post the general elections. The tepid economic activity was exacerbated by growing concerns on asset quality in the microfinance and unsecured lending sectoRs With no exposure in these segments, we delivered a well-balanced performance in a tough operating environment, recording operating profit growth of 23%. Looking ahead, we remain cautiously optimistic of a recovery in economic activity in H2 as domestic consumption and private sector capital expenditure resume and the central government's infrastructure spend and policy agenda gather pace. Team Sundaram will continue to remain sharply focused on delivering the Sundaram experience to our customers, our people and all stakeholders " Result PDF