Sundaram Finance (SUNDARMFIN) Q2 25/26 earnings summary

Executive summary

• Assets under management (AUM) grew 15% year-over-year to ₹55,419 crore as of September 30, 2025, with disbursements up 12% to ₹15,423 crore for H1FY26 compared to H1FY25.

• Profit after tax increased 27% year-over-year to ₹823 crore for H1FY26, driven by AUM growth, improved yields, and higher dividend income.

• Unaudited standalone and consolidated financial results for the quarter and half-year ended 30th September 2025 were approved by the Board on November 3, 2025.

• Limited review reports from joint statutory auditors confirm compliance with SEBI and RBI regulations.

Financial highlights

• Revenue from operations for H1FY26 was ₹3,497 crore, up from ₹2,972 crore in H1FY25.

• Standalone Q2 FY26 revenue from operations: ₹1,813.69 crore, up from ₹1,601.17 crore YoY; consolidated revenue: ₹2,385.64 crore, up from ₹2,084.67 crore YoY.

• Standalone PAT for Q2 FY26: ₹394.20 crore (vs ₹340.09 crore YoY); consolidated PAT: ₹488.12 crore (vs ₹436.15 crore YoY).

• Net interest income rose 23% year-over-year to ₹1,603 crore in H1FY26.

• Cost-to-income ratio improved to 29.60% in H1FY26 from 31.91% in H1FY25.

Outlook and guidance

• Industry sales in key segments improved in the quarter, with notable 27% growth in tractor sales year-over-year.

• GST reforms are expected to improve economic activity and ease cash flow stress in H2FY26.

• No deviations or variations in the use of funds raised through NCDs; all proceeds utilized as intended.

• Asset cover for secured listed debt securities stands at ₹16,370.58 crore, with a cover ratio of 1.17x.