Sundaram Finance Limited · NSE:SUNDARMFIN
Sundaram Finance — H1 FY2027 Earnings Presentation
46 slides from Sundaram Finance's earnings presentation, Nov 4, 2026
Slide 1: Performance Highlights H1FY27
PERFORMANCE HIGHLIGHTS H1FY27
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 Vision P G Mission To be the most respected NBFC To deliver the “Sundaram in the country experience” to all our customers, Q big and small, in keeping with the ethos of the company Growth Quality Profitability 4
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 65,992 811 8,582 6,79,355 10,505 191 1,891 44,03,174 Joint Venture with Ageas Insurance International NV 21,212 210 2,204 70,147 100% subsidiary 90,994 85 673 15,40,458 100% subsidiary Group 1,88,703 1,297 13,350 66,93,134 * Includes off ro
Slide 7: Strategic Sources of Distinctiveness
STRATEGIC SOURCES OF DISTINCTIVENESS 73-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 70,137 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 7,327 8,925 9,204 10,219 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16
Slide 10: Performance Over Last Twenty Years: PAT
SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS ₹ in Crore PAT 1,834 1,543 1,454 120 1,126 1,088 903 522 809 724 53 454 563 477 495 410 443 355 26 41 295 809 213 227 671 151 39 100 77 26 256 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-2
Slide 11: Performance Over Last Twenty Years: Dividend
SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS ₹ in Crore Dividend 444.4 388.9 333.3 300.0 222.2 194.4 200.0 133.3 144.4 116.7 122.2 127.8 100.0 111.1 77.8 86.1 55.6 41.7 36.1 29.2 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
Slide 12: Performance Over Last Twenty Years: Market Capitalization
SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS ₹ in Crore Market Capitalization 50,824 48,614 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 1,099 1,602 917 2,096 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18
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 18.4 18.0 18.0 18.2 17.0 16.5 16.5 16.3 15.5 15.3 12.6 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 Mar-23 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 2026 AUM Gross Stage 3 Cost-to-income ROA ROE ₹65,992 Crores 1.84% 29.40% 2.86% 16.8%* 19.1% up 2.03% 29.60% 2.72% 15.9% from Sep 25 in Sep 25 in H1FY26 in H1FY26 in H1FY26 *Core ROE (excluding investments in subsidiaries) at 17.5% vs.
Slide 16: Highlights – Growth of 19% in Assets Under Management
HIGHLIGHTS – GROWTH OF 19% IN ASSETS UNDER MANAGEMENT Auto sector volumes showed strong growth in H1FY27. In regions we operate, MHICV sales grew 27% driven more by ICVs, which grew 32% Y-o-Y; LSCV grew 27% Y-o-Y while passenger cars grew 23%; tractor and farm equipment registered a 7.5% growth. Thi
Slide 17: Highlights – Asset Quality Continues to Remain Industry Best
HIGHLIGHTS – ASSET QUALITY CONTINUES TO REMAIN INDUSTRY BEST Asset quality showed continued improvement year on year despite prevailing geopolitical uncertainty, benefiting from lower-than-expected fuel price transmission, strong domestic demand and improving economic activity. Our emphasis remains
Slide 18: Highlights – Profitability Improved Consistently
HIGHLIGHTS – PROFITABILITY IMPROVED CONSISTENTLY Profits after tax grew 21% in H1FY27 compared to last year. H1 profitability remained resilient, benefiting from lower cost of liabilities and improving asset quality. As we transition into an upward interest-rate cycle, we are ensuring prudent focus
Slide 19: Profit & Loss Statement
PROFIT & LOSS STATEMENT ₹ in Crore FY26 Particulars Q2FY26 Q2FY27 Q1FY27 H1FY26 H1FY27 7,255 Revenue From Operations* 1,768 2,046 1,963 3,497 4,009 52 Other Income 4 3 10 7 13 7,307 Total Revenue 1,772 2,049 1,973 3,504 4,022 3,668 Finance cost 901 1,033 972 1,795 2,005 1,030 Operating expenses 253
Slide 20: Balance Sheet
BALANCE SHEET ₹ in Crore 31-Mar-26 Particulars 30-Sep-25 30-Sep-26 Equity and Liabilities 55,246 Financial Liabilities 52,238 60,389 264 Non-Financial Liabilities 356 318 12,715 Equity 12,905 13,718 68,225 Total – Equity and Liabilities 65,499 74,425 Assets 67,338 Financial Assets 64,604 73,425 887
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-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 15,712 28,648 563 120 18,634 Mar-19 111 5,044 17,17
Slide 23: Disbursements and AUM
DISBURSEMENTS AND AUM ₹ in Crore Disbursements AUM 65,992 32,321 59,908 55,419 28,405 51,476 26,163 43,987 20,966 19,302 34,552 15,423 29,532 13,275 10,355 8,113 7,310 8,947 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Growth 13.1% 57.9% 24.8% 8.6
Slide 24: Disbursements
DISBURSEMENTS Sep-25 Sep-26 MHCV 15.8% Retail CV 23.6% 20.5% 23.0% 6.7% Cars ₹ 15,423 Cr. 6.0% ₹ 19,302 Cr. Construction Equipment 9.9% Asset wise 20.2% 11.1% 18.0% Tractors 23.8% 21.4% Commercial Lending & Others Used Assets – 23.2% Used Assets – 24.4% South 15.8% 20.5% 4.1% North 3.8% 43.7% 46.1%
Slide 25: AUM
AUM Sep-25 Sep-26 MHCV 13.3% Retail CV 16.4% 24.3% 23.6% 7.0% Cars 6.7% 10.5% ₹ 55,419 Cr. ₹ 65,992 Cr. Construction Equipment 10.6% Asset wise 18.7% Tractors 20.4% 24.5% 24.0% Commercial Lending & Others Used Assets – 18.5% Used Assets – 18.2% 13.3% South 4.1% 16.4% 4.0% North 11.4% 45.4% 44.3% ₹ 5
Slide 26: Branch Network
BRANCH NETWORK Sep-25 Sep-26 14 46 23 42 91 82 389 362 228 262 No. of Branches: 728 No. of Staff: 7,497 No. of Branches: 811 No. of Staff: 8,582 South North West East Commercial Lending During H1FY27, 48 branches were added, taking the network to 811, and 929 people were added, taking the headcount
Slide 27: Portfolio Quality
PORTFOLIO QUALITY Gross Stage 3% Net Stage 3% 2.19% 2.03% 1.84% 1.66% 1.44% 1.44% 1.26% 1.07% 1.13% 0.86% 0.91% 0.75% 0.69% 0.63% Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 27
Slide 28: Funding Mix
FUNDING MIX ₹ 28,297 Cr. ₹ 32,915 Cr. ₹ 40,941 Cr. ₹ 47,362 Cr. ₹ 54,643 Cr. ₹ 51,659 Cr. ₹ 59,786 Cr. 6.8% 4.7% 9.6% 6.6% 15.1% 11.0% 13.6% 14.8% 14.2% 11.9% 13.5% 12.6% 10.7% 11.0% 11.4% 11.5% 13.5% 13.6% 13.4% 15.0% 19.9% 25.9% 35.8% 32.3% 33.1% 30.9% 24.8% 54.0% 41.1% 35.7% 35.9% 33.8% 30.2% 32.
Slide 29: PAT & ROA
PAT & ROA ₹ in Crore Profit after Tax Return on Assets - % 1,834 3.2 1,543 3.0 1,454 2.8 2.9 2.9 120 2.7 2.5 1,088 997 903 823 475 671 394 429 522 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 EPS 81.3 98.0 130.9 138.9 165.1 74.1 89.7 (₹) Q1 Q2 Exc
Slide 30: Net Worth
NET WORTH ₹ in Crore Net worth 13,718 12,715 12,905 11,139 9,472 7,737 6,893 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Book Value (₹) 620.4 696.4 852.5 1,002.6 1,144.5 1,161.5 1,234.7 30
Slide 31: Leverage and Capital Adequacy
LEVERAGE AND CAPITAL ADEQUACY Leverage Capital adequacy 24.4% 4.3 4.3 4.3 4.4 22.8% 4.2 4.0 4.0 20.5% 20.4% 19.1% 19.3% 18.5% Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 31
Slide 32: Consolidated Results
04 Consolidated results 32
Slide 33: Consolidated Results
CONSOLIDATED RESULTS ₹ in Crore Profit after Tax Net Worth 16,059 14,894 15,129 2,059 1,879 13,197 11,078 1,436 1,328 9,920 1,173 1,153 8,795 963 517 488 475 636 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Book EPS (₹) 106.5 120.5 130.3 170.6 186
Slide 34: Consolidated Results by Entity
CONSOLIDATED RESULTS ₹ in Crore Particulars Share of Net Worth Share in Profit 30-Sep-25 30-Sep-26 H1FY26 H1FY27 Sundaram Finance Ltd. 12,905 13,718 823 997 Subsidiaries: Sundaram Home Finance Ltd. 2,200 2,447 137 175 Sundaram Asset Management Company Ltd. (Consolidated) 537 537 91 104 Other Subsidi
Slide 35: Sundaram Home Finance
SUNDARAM HOME FINANCE FY26 Particulars Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 6,805 Disbursements (₹ in Crore) 2,184 1,643 1,681 3,827 3,169 46.7% Housing 47.2% 49.3% 44.8% 48.1% 46.7% 53.3% Non-Housing 52.8% 50.7% 55.2% 51.9% 53.3% 19,909 AUM (₹ in Crore) 21,212 20,326 18,572 21,212 18,572 55.0% Housin
Slide 36: Royal Sundaram
ROYAL SUNDARAM FY26 Particulars Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 4,638 Gross Written Premium (₹ in Crore) 1,370 1,380 1,063 2,750 2,352 9,724 AUM (₹ in Crore) 10,505 10,286 9,595 10,505 9,595 107 PAT (₹ in Crore) (81) 135 (6) 54 121 (160) Other Comprehensive Income (Net of Taxes) (107) 80 (62) (27
Slide 37: Sundaram Asset Management
SUNDARAM ASSET MANAGEMENT FY26 Particulars Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 77,457 AUM (₹ in Crores) 90,994 90,089 82,608 90,994 82,608 62,067 Equity (₹ in Crores) 70,340 71,837 65,720 70,340 65,720 15,390 Debt (₹ in Crores) 20,654 18,252 16,888 20,654 16,888 174 PAT (₹ in Crores) 53 51 46 104 91
Slide 38: More about Sundaram Finance
05 More about Sundaram Finance 38
Slide 39: Shareholding Pattern
SHAREHOLDING PATTERN 30-Sep-25 30-Sep-26 Top institutional shareholders As of 30th September 2026 Name of Shareholder Share % Nalanda India Equity Fund Limited 3.58 32.1% Bright Star Investments Private Limited 2.37 32.6% 37.2% 37.2% SBI Mutual Fund 1.73 Nippon Life India Trustee Limited 1.16 Axis M
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-21 Dec-21 Mar-22 Jun-22 SHARE PRICE MOVEMENT Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 SFL Closing Share Price Mar-24 Jun-24 Sep-24 Indexed share price and Nifty from September 2021 Dec-24 S & P CNX Nifty Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 128.39 177.74 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