Sundaram Finance Limited (SFL), the NBFC from the TSF Group, on Monday reported consolidated net profit at ₹488 crore for the quarter ended September 2025 (Q2FY26), a 12 per cent year-on-year (y-o-y) growth on the back of increased disbursements, driven by this year’s festive season. Consolidated revenue from operations for the quarter grew 14 per cent to ₹2,386 crore.
For the first half of the fiscal (H1FY26), consolidated profit after tax (PAT) grew by 11 per cent to ₹963 crore as compared to ₹871 crore in H1FY25.
The consolidated results of SFL include the results of its subsidiaries — Sundaram Home Finance, Sundaram Asset Management and joint venture company Royal Sundaram General Insurance.
On a standalone basis, Sundaram Finance logged a disbursement growth of 18 per cent to ₹8,113 crore in Q2FY26. Assets Under Management (AUM) grew 15.3 per cent y-o-y to ₹55,419 crore.
Standalone PAT for the quarter under review closed at ₹ 394 crore up from ₹304 crore in the same quarter last year. Profits for H1FY26 was ₹823 crore, up by 27 per cent over H1FY25. Net interest income (NII) grew in Q2FY26 grew 21 per cent to ₹822 crore.
Gross Stage 3 assets of SFL as of September 2025 stood at 2.03 per cent (1.62 per cent in September 2024) and Net Stage 3 assets at 1.13 per cent (0.89 per cent as of September 30, 2024).
Sentiment boosters
“Q2FY26 started with continuing macroeconomic sluggishness witnessed over the past few quarters. The introduction of GST 2.0 reforms and the country’s rating upgrade by global rating agencies have boosted overall sentiments over the past 4-6 weeks,” said Harsha Viji, Executive Vice Chairman, SFL, said, in a statement.
Rajiv Lochan, Managing Director, SFL, said, “The festival period has been strong, and the morale of team Sundaram is on a high following a well-executed festival plan. We anticipate the impact of GST 2.0 on consumption to be buoyant, rural demand to improve after a healthy monsoon period and private sector capex to pick up in the coming quarters. Consequently, our post-festival outlook for Q3 and H2 is optimistic.”
The Board of SFL also approved the acquisition of Capitalgate Investment Advisors Private Limited by Sundaram Alternate Assets (SAA) for a consideration of Rs 35 crore. “CGIA is in the process of developing an AI engine which has capability to deliver real time research to users that could make this a valuable business in future, both financially as well as from a value addition perspective to SAA’s funds business,” SFL said in an exchange filing.
CGIA had revenue of ₹21.87 lakh in FY25 and profit of ₹9.83 lakh.
The group companies performed well, SFL management said.
The asset management business reported a consolidated profit of ₹91 crore in H1FY26 as against ₹68 crore last year. Royal Sundaram reported a PAT of ₹121 crore in H1FY26 ( ₹126 crore). Sundaram Home Finance reported a 9 per cent growth in disbursements to ₹3,169 crore in H1FY26 and profit was ₹137 crore, as against ₹111 crore in H1FY25.
SFL was trading at ₹4,688 up 2.04 per cent on the NSE, at the time of writing.
Published on November 3, 2025