Sundaram-Clayton (SUNCLAY) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended 30th June 2024 were approved by the Board on 9th August 2024.

• Results reflect the impact of the demerger of the manufacturing business from TVS Holdings Limited effective 11th August 2023.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹549.04 crore, up from ₹521.15 crore in the comparable period last year.

• Standalone profit after tax for Q1 FY25 was ₹17.13 crore, compared to ₹23.11 crore in Q1 FY24.

• Consolidated revenue from operations for Q1 FY25 was ₹580.43 crore, up from ₹521.05 crore in Q1 FY24.

• Consolidated net loss for Q1 FY25 was ₹55.85 crore, compared to a net loss of ₹35.52 crore in Q1 FY24.

• Standalone EPS for Q1 FY25 was ₹8.47 (not annualised); consolidated EPS was negative ₹27.60.

Outlook and guidance

• No explicit forward-looking guidance provided, but results reflect ongoing integration post-demerger and continued investment in overseas subsidiaries.