Sundaram Finance Limited · NSE:SUNDARMFIN
Sundaram Finance — 9MFY26 Earnings Presentation
46 slides from Sundaram Finance's earnings presentation, Feb 2, 2026
Slide 1: Performance Highlights 9MFY26
PERFORMANCE HIGHLIGHTS 9MFY26
Slide 2: Contents
CONTENTS 01 02 03 04 05 Overview of Financial results & Key trends in financial Consolidated results More about Sundaram Finance performance performance Sundaram Finance 2
Slide 3: Overview of Sundaram Finance
01 Overview of Sundaram Finance 3
Slide 4: Our Vision, Mission and Philosophy
OUR VISION, MISSION AND PHILOSOPHY Service Pru y de pla n ce ir Fa Hone sty Vision P G Mission Integrity To be the most respected NBFC To deliver the “Sundaram Humi in the country experience” to all our customers, Q big and small, in keeping with the lity ethos of the company Op ne li en ne ss ip D
Slide 5: The Sundaram Way
THE SUNDARAM WAY Service Fair play Humility To be of service even when To stand for fair play when the To realise that humility is the time is against you odds are stacked against you greatest virtue Discipline Honesty Openness To know that discipline is To believe that honesty is the To be open to
Slide 6: The SF Group
THE SF GROUP AUM (₹ in Cr.) Branches Staff * Customer count 58,236 748 7,589 6,46,779 9,836 139 2,040 35,73,108 Joint Venture with Ageas Insurance International NV 19,230 181 1,948 67,988 100% subsidiary 86,195 85 635 14,97,329 100% subsidiary Group 1,73,497 1,153 12,212 57,85,204 * Includes off rol
Slide 7: Strategic Sources of Distinctiveness
STRATEGIC SOURCES OF DISTINCTIVENESS 72-year heritage of trust Pioneer of hire-purchase Diversified financial services group Lending business focused on and prudence finance in India across lending, general insurance, the underserved but home finance and asset aspiring Indian management with total A
Slide 8: Product Offerings
PRODUCT OFFERINGS Asset Finance Commercial lending Working capital finance Distribution • Cars • Leasing • Diesel • Fixed Deposits • Commercial vehicles • NBFC • Insurance • General insurance • Construction equipment • SME • Tyre • Home loans • Tractors and farm equipment • Supply chain financing •
Slide 9: Performance Over Last Twenty Years: Receivables Under Management
SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS ₹ in Crore Receivables Under Management 60,290 51,385 39,950 35,736 33,447 35,088 33,774 28,648 24,036 20,699 17,645 18,158 18,734 15,540 12,354 8,925 9,204 10,219 7,327 5,452 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15
Slide 10: Performance Over Last Twenty Years: PAT
SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS ₹ in Crore PAT 1,543 1,454 120 1,126 1,088 903 522 809 724 53 1,334 443 563 454 477 495 410 41 355 26 295 671 213 227 39 604 171 151 26 100 77 89 201 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-1
Slide 11: Performance Over Last Twenty Years: Dividend
SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS ₹ in Crore Dividend 388.9 333.3 300.0 222.2 194.4 200.0 144.4 127.8 133.3 116.7 122.2 111.1 100.0 77.8 86.1 55.6 37.5 41.7 36.1 29.2 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 M
Slide 12: Performance Over Last Twenty Years: Market Capitalization
SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS ₹ in Crore Market Capitalization 50,824 45,983 28,560 25,548 21,560 16,859 17,940 18,634 17,318 14,450 13,366 7,359 5,265 2,722 3,645 1,078 1,099 1,602 917 2,096 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17
Slide 13: Performance Over Last Twenty Years: Core Return on Equity
SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS Core Return on Equity %* 28.3 26.8 23.5 19.5 19.9 19.3 18.8 18.5 19.0 18.0 18.0 18.2 17.0 16.5 16.5 16.3 15.5 15.3 13.0 12.6 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Ma
Slide 14: Financial Results & Performance
02 Financial results & performance 14
Slide 15: Overall Highlights of Financial Performance
OVERALL HIGHLIGHTS OF FINANCIAL PERFORMANCE As of 31st December 2025 AUM Gross Stage 3 Cost-to-income ROA ROE ₹58,236 Crores 1.91% 28.72% 2.67% 15.5%* 16.0% up 1.70% 31.37% 2.49% 14.3% from Dec 24 in Dec 24 in 9MFY25 in 9MFY25 in 9MFY25 160% interim dividend (₹ 16/- per share) declared *Core ROE (ex
Slide 16: Highlights – Growth of 16% in Assets Under Management
HIGHLIGHTS – GROWTH OF 16% IN ASSETS UNDER MANAGEMENT For the quarter, industry sales in segments and geographies we operate in have been at high single-digit to low double-digit growth compared to last year, aided by the GST rate reduction and the sentimental festival season demand. Tractor sales h
Slide 17: Highlights – Asset Quality Continues to Remain Industry Best
HIGHLIGHTS – ASSET QUALITY CONTINUES TO REMAIN INDUSTRY BEST Asset quality pressures have remained elevated within the broader financial system. State government fiscal position remains challenged in multiple states and payments to contractors & MSMEs delayed. Consequent cash flow pressures have adv
Slide 18: Highlights – Profitability Improved Consistently
HIGHLIGHTS – PROFITABILITY IMPROVED CONSISTENTLY Profits after tax grew 23% in 9MFY26 compared to last year due to growth of AUM, meaningful improvements in yields, meticulous management of our cost of borrowing consistent with our “AAA” rating, tight control on operating costs and higher dividend i
Slide 19: Profit & Loss Statement
PROFIT & LOSS STATEMENT ₹ in Crore FY25 Particulars Q3FY25 Q3FY26 Q2FY26 9MFY25 9MFY26 6,231 Revenue From Operations* 1,616 1,876 1,768 4,588 5,373 168 Dividend Income - - 14 43 137 76 Other Income 16 17 4 35 24 6,475 Total Revenue 1,632 1,893 1,786 4,666 5,534 3,254 Finance cost 835 940 901 2,403 2
Slide 20: Balance Sheet
BALANCE SHEET ₹ in Crore 31-Mar-25 Particulars 31-Dec-24 31-Dec-25 Equity and Liabilities 47,958 Financial Liabilities 46,933 53,594 118 Non-Financial Liabilities 103 265 11,139 Equity 10,742 12,721 59,215 Total – Equity and Liabilities 57,778 66,580 Assets 58,287 Financial Assets 56,786 65,693 928
Slide 21: Key Trends in Financial Performance
03 Key trends in financial performance 21
Slide 22: Financial Summary
FINANCIAL SUMMARY ₹ in Crore Receivables Market Year Paid-up Capital Networth Disbursements PAT Dividend % Under Management Capitalisation Mar-15 111 2,978 10,012 18,734 454 105 16,859 Mar-16 111 3,313 11,444 20,699 477 110 14,450 Mar-17 111 3,746 13,218 24,036 *495 115 17,940 Mar-18 111 4,134 15,71
Slide 23: Disbursements and AUM
DISBURSEMENTS AND AUM ₹ in Crore Disbursements AUM 28,405 58,236 26,163 24,270 51,476 50,199 20,966 21,532 43,987 8,847 34,552 7,764 30,882 29,532 13,275 11,742 8,113 6,860 6,908 7,310 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 Growth -22.6% 13.
Slide 24: Disbursements
DISBURSEMENTS Dec-24 Dec-25 MHCV 14.7% 15.0% Retail CV 23.2% 23.2% 7.1% 7.4% Cars ₹ 21,532 Cr. ₹ 24,270 Cr. Construction Equipment 10.8% 10.6% Asset wise 20.0% 19.0% Tractors 24.2% 24.8% Commercial Lending & Others Used Assets – 22.8% Used Assets – 22.3% South 14.7% 15.0% 4.1% 4.1% North 44.2% 45.2%
Slide 25: AUM
AUM Dec-24 Dec-25 MHCV 12.8% 13.7% Retail CV 24.1% 23.9% 7.1% 7.0% Cars 10.6% ₹ 50,199 Cr. 10.6% ₹ 58,236 Cr. Construction Equipment Asset wise 19.8% Tractors 20.9% 24.5% 25.0% Commercial Lending & Others Used Assets – 18.5% Used Assets – 18.0% 12.8% 13.7% South 4.1% 4.1% North 11.5% ₹ 50,199 Cr. 45
Slide 26: Branch Network
BRANCH NETWORK Dec-24 Dec-25 13 44 18 40 82 81 370 360 217 234 No. of Branches: 711 No. of Staff: 7,344 No. of Branches: 748 No. of Staff: 7,589 South North West East Commercial Lending 26
Slide 27: Portfolio Quality
PORTFOLIO QUALITY Gross Stage 3% Net Stage 3% 2.19% 1.84% 1.91% 1.66% 1.70% 1.44% 1.26% 1.01% 1.07% 1.06% 0.97% 0.86% 0.75% 0.63% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 27
Slide 28: Funding Mix
FUNDING MIX ₹ 29,251 Cr. ₹ 28,297 Cr. ₹ 32,915 Cr. ₹ 40,941 Cr. ₹ 47,362 Cr. ₹ 46,386 Cr. ₹ 53,011 Cr. 2.5% 6.8% 4.7% 7.9% 15.1% 9.6% 10.4% 14.3% 14.2% 14.8% 13.5% 12.3% 13.6% 11.3% 11.0% 11.4% 11.5% 11.2% 13.6% 10.7% 19.9% 19.9% 25.9% 35.8% 34.2% 33.1% 35.6% 52.0% 54.0% 41.1% 33.8% 30.2% 29.7% 34.4
Slide 29: PAT & ROA
PAT & ROA ₹ in Crore Profit after Tax Return on Assets - % 1,543 3.2 1,454 120 2.8 2.9 1,226 2.7 1,088 2.5 2.5 997 903 403 2.3 809 349 394 671 340 429 308 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 EPS 72.8 81.3 98.0 130.9 138.9 89.7 110.3 (₹) Q
Slide 30: Net Worth
NET WORTH ₹ in Crore Net worth 12,721 11,139 10,742 9,472 7,737 6,893 6,179 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 Book Value (₹) 556.2 620.4 696.4 852.5 1,002.6 966.8 1,144.9 30
Slide 31: Leverage and Capital Adequacy
LEVERAGE AND CAPITAL ADEQUACY Leverage Capital adequacy 4.6 4.3 4.3 4.3 24.4% 4.2 4.2 22.8% 22.1% 4.0 20.5% 20.4% 20.0% 19.1% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 31
Slide 32: Consolidated Results
04 Consolidated results 32
Slide 33: Consolidated Results
CONSOLIDATED RESULTS ₹ in Crore Profit after Tax Net Worth 1,879 15,056 1,505 13,197 12,757 1,436 1,328 1,326 11,078 1,165 1,173 542 9,920 455 8,795 7,730 436 488 435 475 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 EPS Book 105.7 106.5 120.5 130.
Slide 34: Consolidated Results by Entity
CONSOLIDATED RESULTS ₹ in Crore Particulars Share of Net Worth Share in Profit 31-Dec-24 31-Dec-25 9MFY25 9MFY26 Sundaram Finance Ltd. 10,742 12,721 997 1,226 Subsidiaries: Sundaram Home Finance Ltd. 2,053 2272 173 212 Sundaram Asset Management Company Ltd. (Consolidated) 546 588 107 139 Other Subsi
Slide 35: Sundaram Home Finance
SUNDARAM HOME FINANCE FY25 Particulars Q3FY26 Q2FY26 Q3FY25 9MFY26 9MFY25 6,517 Disbursements (₹ in Crore) 1,741 1,681 1,692 4,911 4,588 51.5% Housing 48.5% 44.8% 52.5% 47.3% 52.4% 48.5% Non-Housing 51.5% 55.2% 47.5% 52.7% 47.6% 17,428 AUM (₹ in Crore) 19,230 18,572 16,331 19,230 16,331 58.4% Housin
Slide 36: Royal Sundaram
ROYAL SUNDARAM FY25 Particulars Q3FY26 Q2FY26 Q3FY25 9MFY26 9MFY25 4,065 Gross Written Premium (₹ in Crore) 1,032 1,062 912 3,384 2,965 9,241 AUM (₹ in Crore) 9,836 9,595 9,178 9,836 9,178 133 PAT (₹ in Crore) 39 (6) 9 160 134 146 Other Comprehensive Income (Net of Taxes) (15) (62) (6) (58) 76 279 T
Slide 37: Sundaram Asset Management
SUNDARAM ASSET MANAGEMENT FY25 Particulars Q3FY26 Q2FY26 Q3FY25 9MFY26 9MFY25 71,826 AUM (₹ in Crores) 86,195 82,608 76,038 86,195 76,038 58,660 Equity (₹ in Crores) 69,382 65,720 62,625 69,382 62,625 13,166 Debt (₹ in Crores) 16,813 16,888 13,413 16,813 13,413 154 PAT (₹ in Crores) 47 46 39 139 107
Slide 38: More about Sundaram Finance
05 More about Sundaram Finance 38
Slide 39: Shareholding Pattern
SHAREHOLDING PATTERN 31-Dec-24 31-Dec-25 Top institutional shareholders As of 31st December 2025 Name of Shareholder Share % Nalanda India Equity Fund Limited 3.62 32.5% Bright Star Investments Private Limited 2.37 32.8% 37.2% 37.2% SBI Mutual Fund 1.36 United India Insurance Company Limited 1.06 Ax
Slide 40: Credit Ratings
CREDIT RATINGS Instrument ICRA CRISIL Deposits AAA (Stable) AAA (Stable) Debentures AAA (Stable) AAA (Stable) Subordinated Debentures AAA (Stable) AAA (Stable) Long Term Loans AAA (Stable) AAA (Stable) Working Capital Facilities AAA (Stable) Commercial Paper A1+ A1+ Short Term Loans A1+ 40
Slide 41: Share Price Movement
Dec-20 Mar-21 Jun-21 Sep-21 SHARE PRICE MOVEMENT Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 SFL Closing Share Price Jun-23 Sep-23 Dec-23 Indexed share price and Nifty from December 2020 Mar-24 S & P CNX Nifty Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 186.88 292.80 41
Slide 42: Subsidiaries & Joint Ventures
SUBSIDIARIES & JOINT VENTURES Subsidiaries Joint Venture • Sundaram Home Finance Limited • Royal Sundaram General Insurance Co. Limited • Sundaram Asset Management Company Limited • Sundaram Asset Management Singapore Pte. Limited • Sundaram Trustee Company Limited • Sundaram Alternate Assets Limite
Slide 43: Board of Directors
BOARD OF DIRECTORS Sri S. Viji Sri T. T. Srinivasaraghavan Sri Srivats Ram Chairman Non-executive Director Non-executive Director Has over 5 decades of experience in Banking, Finance, Has over 4 decades of experience in Banking and Financial Has 3 decades of rich experience in auto component Insuran
Slide 44: Board of Directors
BOARD OF DIRECTORS Dr. Kshama Fernandes Sri R. Venkatraman Ms Anuradha Rao Independent Director Independent Director Independent Director Has nearly 3 decades of experience spanning across Has 4 decades of experience in consulting and advisory Has over 4 decades of experience in Banking and Finance.
Slide 45: Key Managerial Personnel
KEY MANAGERIAL PERSONNEL Sri M. Ramaswamy Sri P. N. Srikant Chief Financial Officer Chief Compliance Officer & Company Secretary He has 4 decades of experience in the Company. He is the Chief Financial He has 3 decades of experience in the Company/Group. He is the Chief Officer of the Company from S
Slide 46: Sri M. Ramaswamy Sri P. N. Srikant
This document is for information purposes only and is not and does not form part of an invitation/ offer/advertisement/advise to purchase or sell any securities of the Company. The materials and information contained in the document are prepared by the Company and are correct and accurate, to the be