Sundaram Finance Limited · NSE:SUNDARMFIN
Sundaram Finance — H1 FY2026 Earnings Presentation
46 slides from Sundaram Finance's earnings presentation, Nov 3, 2025
Slide 1: Performance Highlights H1FY26
PERFORMANCE HIGHLIGHTS H1FY26
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 55,419 728 7,497 6,23,846 9,595 140 2,118 32,79,851 Joint Venture with Ageas Insurance International NV 18,572 171 1,885 71,592 100% subsidiary 82,608 85 616 14,83,748 100% subsidiary Group 1,66,194 1,124 12,116 54,59,037 * Includes off rol
Slide 7: Strategic Sources of Distinctiveness
STRATEGIC SOURCES OF DISTINCTIVENESS 71-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 30th September 2025 AUM Gross Stage 3 Cost-to-income ROA ROE ₹55,419 Crores 2.03% 29.60% 2.72% 15.9%* 15.3% up 1.62% 31.91% 2.50% 14.2% from Sep 24 in Sep 24 in H1FY25 in H1FY25 in H1FY25 *Core ROE (excluding investments in subsidiaries) at 16.8% vs.
Slide 16: Highlights – Growth of 15% in Assets Under Management
HIGHLIGHTS – GROWTH OF 15% IN ASSETS UNDER MANAGEMENT For the quarter, industry sales in segments and geographies we operate improved considerably, although for the half year, industry sales have been at low single digit growth compared to last year across most categories. Tractor sales have been no
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. Collections activity has been particularly challenging for most industry participants through the period. Q2FY26 continued to witness cash flow stress for
Slide 18: Highlights – Profitability Improved Consistently
HIGHLIGHTS – PROFITABILITY IMPROVED CONSISTENTLY Profits after tax grew 27% in H1FY26 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 Q2FY25 Q2FY26 Q1FY26 H1FY25 H1FY26 6,231 Revenue From Operations* 1,547 1,768 1,729 2,972 3,497 168 Dividend Income 25 14 124 43 137 76 Other Income 11 4 3 19 7 6,475 Total Revenue 1,583 1,786 1,856 3,034 3,641 3,254 Finance cost 811 901 894 1,568
Slide 20: Balance Sheet
BALANCE SHEET ₹ in Crore 31-Mar-25 Particulars 30-Sep-24 30-Sep-25 Equity and Liabilities 47,958 Financial Liabilities 44,257 52,238 118 Non-Financial Liabilities 126 356 11,139 Equity 10,587 12,905 59,215 Total – Equity and Liabilities 54,970 65,499 Assets 58,287 Financial Assets 53,929 64,604 928
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 55,419 28,405 51,476 26,163 48,058 43,987 20,966 34,552 30,882 29,532 15,423 13,275 13,768 11,742 8,113 6,860 6,908 7,310 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-25 Growth -22.6% 13.1% 57.9% 24.
Slide 24: Disbursements
DISBURSEMENTS Sep-24 Sep-25 MHCV 15.2% 15.8% Retail CV 22.7% 23.6% 6.7% Cars 6.7% ₹ 13,768 Cr. ₹ 15,423 Cr. Construction Equipment 10.6% 9.9% Asset wise 21.9% 20.2% Tractors 22.9% 23.8% Commercial Lending & Others Used Assets – 24.0% Used Assets – 23.2% South 15.2% 15.8% 4.1% 4.1% North 45.1% 46.1%
Slide 25: AUM
AUM Sep-24 Sep-25 MHCV 13.1% 13.3% Retail CV 24.0% 24.3% 7.2% 7.0% Cars 10.4% ₹ 48,058 Cr. 10.5% ₹ 55,419 Cr. Construction Equipment Asset wise Tractors 21.5% 20.4% 23.8% 24.5% Commercial Lending & Others Used Assets – 18.6% Used Assets – 18.5% 13.1% 13.3% South 4.1% 4.1% North 11.3% 45.5% 11.4% 45.
Slide 26: Branch Network
BRANCH NETWORK Sep-24 Sep-25 13 42 14 40 82 81 362 358 217 228 No. of Branches: 709 No. of Staff: 7,460 No. of Branches: 728 No. of Staff: 7,497 South North West East Commercial Lending 26
Slide 27: Portfolio Quality
PORTFOLIO QUALITY Gross Stage 3% Net Stage 3% 2.19% 2.03% 1.84% 1.66% 1.62% 1.44% 1.26% 1.07% 1.13% 1.01% 0.86% 0.89% 0.75% 0.63% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-25 27
Slide 28: Funding Mix
FUNDING MIX ₹ 29,251 Cr. ₹ 28,297 Cr. ₹ 32,915 Cr. ₹ 40,941 Cr. ₹ 47,362 Cr. ₹ 43,752 Cr. ₹ 51,659 Cr. 2.5% 6.8% 4.7% 4.1% 15.1% 9.6% 11.0% 14.3% 14.2% 14.2% 14.8% 13.5% 12.6% 11.3% 11.0% 11.5% 10.4% 11.4% 13.6% 13.4% 19.9% 19.9% 25.9% 35.8% 39.0% 33.1% 30.9% 52.0% 54.0% 41.1% 33.8% 30.2% 32.3% 32.1
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 2.7 1,088 2.5 2.5 903 2.3 809 823 648 394 671 340 429 308 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-25 EPS 72.8 81.3 98.0 130.9 138.9 58.3 74.1 (₹) 29
Slide 30: Net Worth
NET WORTH ₹ in Crore Net worth 12,905 11,139 10,587 9,472 7,737 6,893 6,179 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-25 Book Value (₹) 556.2 620.4 696.4 852.5 1,002.6 952.9 1,161.5 30
Slide 31: Leverage and Capital Adequacy
LEVERAGE AND CAPITAL ADEQUACY Leverage Capital adequacy 4.6 4.3 4.3 24.4% 4.2 22.8% 4.1 22.1% 4.0 4.0 20.5% 20.4% 20.0% 19.3% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-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 15,129 13,197 1,436 12,510 1,328 11,078 1,165 1,173 9,920 963 8,795 871 7,730 436 488 435 475 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-25 EPS Book 105.7 106.5 120.5 130.3 170.6 79.0
Slide 34: Consolidated Results
CONSOLIDATED RESULTS ₹ in Crore Particulars Share of Net Worth Share in Profit 30-Sep-24 30-Sep-25 H1FY25 H1FY26 Sundaram Finance Ltd. 10,587 12,905 648 823 Subsidiaries: Sundaram Home Finance Ltd. 1,990 2,200 111 137 Sundaram Asset Management Company Ltd. (Consolidated) 511 537 68 91 Other Subsidia
Slide 35: Sundaram Home Finance
SUNDARAM HOME FINANCE FY25 Particulars Q2FY26 Q1FY26 Q2FY25 H1FY26 H1FY25 6,517 Disbursements (₹ in Crore) 1,681 1,488 1,543 3,169 2,896 51.5% Housing 44.8% 48.8% 50.8% 46.7% 52.4% 48.5% Non-Housing 55.2% 51.2% 49.2% 53.3% 47.6% 17,428 AUM (₹ in Crore) 18,572 18,028 15,405 18,572 15,405 58.4% Housin
Slide 36: Royal Sundaram
ROYAL SUNDARAM FY25 Particulars Q2FY26 Q1FY26 Q2FY25 H1FY26 H1FY25 4,065 Gross Written Premium (₹ in Crore) 1,063 1,289 939 2,352 2,053 9,241 AUM (₹ in Crore) 9,595 9,633 9,078 9,595 9,078 133 PAT (₹ in Crore) (6) 127 61 121 126 146 Other Comprehensive Income (Net of Taxes) (62) 20 70 (42) 82 279 To
Slide 37: Sundaram Asset Management
SUNDARAM ASSET MANAGEMENT FY25 Particulars Q2FY26 Q1FY26 Q2FY25 H1FY26 H1FY25 71,826 AUM (₹ in Crores) 82,608 80,501 76,845 82,608 76,845 58,660 Equity (₹ in Crores) 65,720 65,308 65,213 65,720 65,213 13,166 Debt (₹ in Crores) 16,888 15,193 11,632 16,888 11,632 154 PAT (₹ in Crores) 46 45 39 91 68 5
Slide 38: More about Sundaram Finance
05 More about Sundaram Finance 38
Slide 39: Shareholding Pattern
SHAREHOLDING PATTERN 30-Sep-24 30-Sep-25 Top institutional shareholders As of 30th September 2025 Name of Shareholder Share % Nalanda India Equity Fund Limited 3.62 Bright Star Investments Private Limited 2.37 32.8% 32.6% 37.2% 37.2% SBI Mutual Fund 1.36 United India Insurance Company Limited 1.09 A
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
Sep-20 Dec-20 Mar-21 Jun-21 SHARE PRICE MOVEMENT Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 SFL Closing Share Price Mar-23 Jun-23 Sep-23 Indexed share price and Nifty from September 2020 Dec-23 S & P CNX Nifty Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 218.80 339.18 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 nearly 3 decades of rich experience in auto Insurance
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 close to 4 decades of experience in consulting and Has nearly 4 decades of experience in Banking and manage
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 nearly 4 decades of experience in the Company. He is the Chief He has nearly 3 decades of experience in the Company/Group. He is the Chief Financial Officer of the
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