Sundaram-Clayton (SUNCLAY) Q2 24/25 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated results for the quarter ended 30th September 2024, with limited review by auditors confirming compliance and no material misstatements.

• 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 Q2 FY25 was ₹539.13 crore, down from ₹549.04 crore in Q1 FY25, but up from ₹299.09 crore in the comparable period post-demerger last year.

• Standalone net profit for Q2 FY25 was ₹20.96 crore, up from ₹17.13 crore in Q1 FY25, but down from ₹26.18 crore in the comparable period last year.

• Consolidated revenue from operations for Q2 FY25 was ₹562.60 crore, down from ₹580.43 crore in Q1 FY25.

• Consolidated net loss for Q2 FY25 was ₹54.20 crore, compared to a net loss of ₹55.85 crore in Q1 FY25.

• Exceptional costs of ₹3.33 crore in Q2 FY25 relate to shifting expenses for plant relocation.

Outlook and guidance

• No explicit forward-looking guidance provided, but the company continues to focus on automotive components as its sole segment.