Sundaram Finance Limited · NSE:SUNDARMFIN
Sundaram Finance — FY2025 Earnings Presentation
45 slides from Sundaram Finance's earnings presentation, May 26, 2025
Slide 1: Performance Highlights FY25
PERFORMANCE HIGHLIGHTS FY25
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 Branches Staff * Customer count 51,476 710 7,293 6,05,445 9,241 145 2,230 30,83,101 Joint Venture with Ageas Insurance International NV 17,428 168 1,862 65,261 100% subsidiary 71,826 85 592 13,42,476 100% subsidiary Group 1,49,971 1,108 11,977 50,96,283 * Includes off roll employees
Slide 7: Strategic Sources of Distinctiveness
STRATEGIC SOURCES OF DISTINCTIVENESS 70-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: Sundaram Finance – Performance Over Last Twenty Years: Receivables
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: Sundaram Finance – 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: Sundaram Finance – Performance Over Last Twenty Years: Market Cap
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 12: Sundaram Finance – Performance Over Last Twenty Years: Core ROE
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 13: Financial results & performance
02 Financial results & performance 13
Slide 14: Overall Highlights of Financial Performance
OVERALL HIGHLIGHTS OF FINANCIAL PERFORMANCE As of 31st March 2025 AUM Gross Stage 3 Cost-to-income ROA ROE ₹51,476 Crores 1.44% 30.80% 2.85% 16.3%* 17.0% up 1.26% 34.68% 3.18% 17.5% from Mar 24 in Mar 24 in FY24 in FY24 in FY24 210% final dividend (₹ 21/- per share) declared Total dividend for FY25
Slide 15: Highlights – Growth of 17% in Assets Under Management
HIGHLIGHTS – GROWTH OF 17% IN ASSETS UNDER MANAGEMENT Industry sales in segments and geographies we operate in were flat compared to last year and well below the expectations. MHICV TIV has increased by 5% in Q4 FY25 (and down 5% in FY25) and retail CVs are down 5% in Q4FY25 (and down 5% FY25). Trac
Slide 16: Highlights – Asset Quality Continues to Remain Industry Best
HIGHLIGHTS – ASSET QUALITY CONTINUES TO REMAIN INDUSTRY BEST Our asset quality continued to remain best-in-class with continuing improvement in collections & recovery activity despite significant asset quality concerns system-wide, particularly in the microfinance and unsecured personal lending segm
Slide 17: Highlights – Profitability Improved Consistently
HIGHLIGHTS – PROFITABILITY IMPROVED CONSISTENTLY Profits from operations grew 29% in FY25 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 and tight control on operating costs. We are ensuri
Slide 18: Profit & Loss Statement
PROFIT & LOSS STATEMENT ₹ in Crore Particulars Q4FY24 Q4FY25 Q3FY25 FY24 FY25 Revenue From Operations* 1,379 1,643 1,616 5,041 6,231 Dividend Income 165 125 - 346 168 Other Income (1) 41 16 14 76 Total Revenue 1,543 1,809 1,632 5,401 6,475 Finance cost 724 851 835 2,576 3,254 Operating expenses 215
Slide 19: Balance Sheet
BALANCE SHEET ₹ in Crore Particulars 31-Mar-24 31-Mar-25 Equity and Liabilities Financial Liabilities 41,431 47,958 Non-Financial Liabilities 85 118 Equity 9,472 11,139 Total – Equity and Liabilities 50,988 59,215 Assets Financial Assets 49,942 58,287 Non-Financial Assets 1,046 928 Total – Assets 50
Slide 20: Key trends in financial performance
03 Key trends in financial performance 20
Slide 21: Financial Summary
FINANCIAL SUMMARY ₹ in Crore Receivables Market Year Paid-up Capital Networth Disbursements PAT Dividend % Under Management Capitalisation Mar-14 111 2,405 9,719 18,158 443 100 7,359 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 2
Slide 22: Disbursements and AUM
DISBURSEMENTS AND AUM ₹ in Crore Disbursements AUM 51,476 28,405 26,163 43,987 6873 20,966 6209 34,552 30,882 29,532 6524 7764 13,275 11,742 6941 6860 6489 6908 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Growth -22.6% 13.1% 57.9% 24.8% 8.6% Growth 3.2% -4.4% 17.0% 27.3% 17
Slide 23: Disbursements
DISBURSEMENTS Mar-24 Mar-25 2.4% 3.1% MHCV 8.8% Retail CV 11.1% 7.4% 25.8% 24.4% 6.9% Cars 11.2% ₹ 26,163 Cr. ₹ 28,405 Cr. Construction Equipment 11.2% Asset wise Tractors 20.9% 19.6% 23.5% 23.7% Commercial Lending Used Assets – 22.8% Used Assets – 23.0% Others 4.5% 4.3% South 13.1% 12.9% North ₹ 26
Slide 24: AUM
AUM Mar-24 Mar-25 5.0% 5.6% MHCV 7.2% 7.0% Retail CV 24.4% 24.6% 7.5% 7.1% Cars 10.6% ₹ 43,987 Cr. 10.8% ₹ 51,476 Cr. Construction Equipment Asset wise Tractors 21.3% 20.5% 24.0% 24.4% Commercial Lending Used Assets – 18.3% Used Assets – 18.5% Others 4.3% 4.3% South 14.0% 13.1% North ₹ 43,987 Cr. ₹
Slide 25: Branch Network
BRANCH NETWORK Mar-24 Mar-25 12 40 14 41 81 81 358 356 220 217 No. of Branches: 710 No. of Staffs: 7,459 No. of Branches: 710 No. of Staffs: 7,293 South North West East Commercial Lending 25
Slide 26: Portfolio Quality
PORTFOLIO QUALITY Gross Stage 3% Net Stage 3% 2.19% 1.84% 1.66% 1.44% 1.26% 1.01% 1.07% 0.86% 0.75% 0.63% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 26
Slide 27: Funding Mix
FUNDING MIX ₹ 29,251 Cr. ₹ 28,297 Cr. ₹ 32,915 Cr. ₹ 40,941 Cr. ₹ 47,362 Cr. 2.5% 6.8% 4.7% 15.1% 9.6% 14.3% 14.2% 14.8% 13.5% 11.3% 11.0% 11.4% 11.5% 13.6% 19.9% 19.9% 25.9% 35.8% 33.1% 52.0% 54.0% 41.1% 33.8% 30.2% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Debentures Bank Borrowings* Securitisation Depos
Slide 28: PAT & ROA
PAT & ROA ₹ in Crore Profit after Tax Return on Assets - % 3.2 1,543 1,454 2.8 2.9 120 546 2.5 1,088 386 903 2.3 809 300 349 671 340 367 281 308 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 EPS 72.8 81.3 98.0 130.9 138.9 (₹) Q1 Q2 Q3 Q4 Exceptional Item 28
Slide 29: Net Worth
NET WORTH ₹ in Crore Net worth 11,139 9,472 7,737 6,893 6,179 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Book Value (₹) 556.2 620.4 696.4 852.5 1,002.6 29
Slide 30: Leverage and Capital Adequacy
LEVERAGE AND CAPITAL ADEQUACY Leverage Capital adequacy 4.6 4.3 4.3 24.4% 4.2 22.8% 22.1% 4.0 20.5% 20.4% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 30
Slide 31: Consolidated results
of | SUNDARAM FINANCE Enduring values. New age thinking. 04 Consolidated results
Slide 32: Consolidated Results
CONSOLIDATED RESULTS ₹ in Crore Profit after Tax Net Worth 1,879 13,197 1,436 553 11,078 1,328 9,920 1,165 1,173 268 8,795 455 7,730 427 436 366 375 435 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Book EPS (₹) 105.7 106.5 120.5 130.3 170.6 701.6 798.2 900.2 1005.3 1197.4 Va
Slide 33: Consolidated Results
CONSOLIDATED RESULTS ₹ in Crore Particulars Share of Net Worth Share in Profit 31-Mar-24 31-Mar-25 FY24 FY25 Sundaram Finance Ltd. 9,472 11,139 1,454 1,543 Subsidiaries: Sundaram Home Finance Ltd. 1,880 2,097 236 245 Sundaram Finance Holdings Ltd. (Consolidated)* - - 125 - Sundaram Asset Management
Slide 34: Sundaram Home Finance
SUNDARAM HOME FINANCE Particulars Q4FY25 Q3FY25 Q4FY24 FY25 FY24 Disbursements (₹ in Crore) 1,929 1,692 1,469 6,517 5,029 Housing 49.3% 52.5% 52.1% 51.5% 50.9% Non-Housing 50.7% 47.5% 47.9% 48.5% 49.1% AUM (₹ in Crore) 17,428 16,331 13,812 17,428 13,812 Housing 58.4% 59.2% 61.0% 58.4% 61.0% Non-Hous
Slide 35: Royal Sundaram
ROYAL SUNDARAM Particulars Q4FY25 Q3FY25 Q4FY24 FY25 FY24 Gross Written Premium (₹ in Crore) 1,099 912 1,033 4,065 3,825 AUM (₹ in Crore) 9,241 9,178 8,673 9,241 8,673 PAT (₹ in Crore) (1) 9 (8) 133 169 Other Comprehensive Income (Net of Taxes) 70 (6) 34 146 61 Total Comprehensive Income 69 3 26 280
Slide 36: Sundaram Asset Management
SUNDARAM ASSET MANAGEMENT Particulars Q4FY25 Q3FY25 Q4FY24 FY25 FY24 AUM (₹ in Crores) 71,826 76,038 70,883 71,826 70,883 Equity (₹ in Crores) 58,660 62,625 61,241 58,660 61,241 Debt (₹ in Crores) 13,166 13,413 9,642 13,166 9,642 PAT (₹ in Crores) 46 40 38 154 112 Net worth (₹ in Crores) 522 546 431
Slide 37: More about Sundaram Finance
05 More about Sundaram Finance 37
Slide 38: Shareholding Pattern
SHAREHOLDING PATTERN 31-Mar-24 31-Mar-25 Top institutional shareholders As of 31st March 2025 Name of Shareholder Share % Nalanda India Equity Fund Limited 3.62 Bright Star Investments Private Limited 2.37 32.8% 32.7% 37.9% 37.2% SBI Mutual Fund 1.36 Axis Mutual Fund 1.25 United India Insurance Comp
Slide 39: 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+ 39
Slide 40: Share Price Movement
Mar-20 Jun-20 Sep-20 Dec-20 SHARE PRICE MOVEMENT Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 SFL Closing Share Price Sep-22 Dec-22 Mar-23 Indexed share price and Nifty from March 2020 Jun-23 S & P CNX Nifty Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 380.25 273.54 40
Slide 41: 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 42: 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 43: 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 44: 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 45: 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