SUNDARMFINSundaram Finance Ltd.
Sundaram Finance Q2 FY27 Results: Consolidated Net Profit ₹517 Crore on Total Income of ₹2,749 Crore
- Earnings
- non-banking finance company
Reviewed byKeshav SehgalBlacklitt Research
Sundaram Finance reported consolidated total income of ₹2,749.34 crore and net profit of ₹516.66 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹2,150.51 crore and net profit of ₹475.07 crore, it said in a filing on 05 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹2,749.34 crore, up 14.5% YoY and 3.6% QoQ
- Net profit and EPS: ₹516.66 crore, up 5.8% YoY and down 18.8% QoQ; basic EPS ₹46.88
- Finance costs: ₹1,314.05 crore, up 11.7% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹2,150.51 crore, up 18.3% YoY and 3.1% QoQ
- Net profit and EPS: ₹475.07 crore, up 20.5% YoY and down 8.9% QoQ; basic EPS ₹42.76
- Finance costs: ₹1,033.32 crore, up 14.7% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,749.34 | 2,400.68 | +14.5% | 2,653.34 | +3.6% | |
| Revenue from operations | 2,737.55 | 2,385.64 | +14.8% | 2,644.13 | +3.5% |
| Other income | 11.79 | 15.04 | -21.6% | 9.21 | +28.0% |
| 516.66 | 488.12 | +5.8% | 636.19 | -18.8% | |
| Finance costs | 1,314.05 | 1,175.97 | +11.7% | 1,246.54 | +5.4% |
| Depreciation | 68.68 | 59.99 | +14.5% | 59.54 | +15.4% |
| Tax expense | 188.25 | 159.07 | +18.3% | 198.33 | -5.1% |
| Net profit margin | 18.79% | 20.33% | -1.54 pp | 23.98% | -5.18 pp |
| Tax as share of profit before tax | 25.3% | 24.5% | +0.78 pp | 25.9% | -0.60 pp |
| EPS, basic (₹) | 46.88 | 44.29 | +5.8% | 57.71 | -18.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit grew more slowly than income. Total income rose 14.5% YoY to ₹2,749.34 crore, while net profit rose 5.8% to ₹516.66 crore. Against the previous quarter, net profit fell 18.8% from ₹636.19 crore while total income rose 3.6%. Profit before tax of ₹745.49 crore was 14.7% above ₹650.14 crore a year earlier.
Finance costs are the largest line. At ₹1,314.05 crore they equal 47.8% of total income and rose 11.7% YoY. Other income of ₹11.79 crore is 0.4% of total income and fell 21.6% from ₹15.04 crore, so revenue from operations of ₹2,737.55 crore carries nearly all of the income. Tax of ₹188.25 crore is 25.3% of profit before tax. The notes name the Labour Codes exceptional item of ₹75.61 crore as a previous-year item, and no exceptional item is reported for this quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,150.51 | 1,817.85 | +18.3% | 2,085.80 | +3.1% | |
| Revenue from operations | 2,147.47 | 1,813.69 | +18.4% | 2,075.99 | +3.4% |
| Other income | 3.04 | 4.16 | -26.9% | 9.81 | -69.0% |
| 475.07 | 394.20 | +20.5% | 521.61 | -8.9% | |
| Finance costs | 1,033.32 | 901.11 | +14.7% | 971.83 | +6.3% |
| Depreciation | 53.32 | 45.97 | +16.0% | 45.09 | +18.3% |
| Tax expense | 143.35 | 120.42 | +19.0% | 157.39 | -8.9% |
| Net profit margin | 22.09% | 21.68% | +0.41 pp | 25.01% | -2.92 pp |
| Tax as share of profit before tax | 23.2% | 23.4% | -0.22 pp | 23.2% | +0.00 pp |
| EPS, basic (₹) | 42.76 | 35.48 | +20.5% | 46.95 | -8.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit grew faster than income on a year-earlier basis. Net profit rose 20.5% to ₹475.07 crore, against 18.3% growth in total income to ₹2,150.51 crore, and profit before tax grew 20.2%. Against the previous quarter, net profit fell 8.9% from ₹521.61 crore while total income rose 3.1%.
Finance costs of ₹1,033.32 crore were 48.0% of total income and rose 14.7% YoY. Tax of ₹143.35 crore is 23.2% of profit before tax, and basic EPS of ₹42.76 is not annualised, against ₹35.48 a year earlier. The sector ratios at 30 Sep 2026 show gross stage 3 loans of 1.84%, net stage 3 loans of 0.91% and capital adequacy of 18.52%.
In the half-year to 30 Sep 2026 the company acquired 4,123 loan accounts not in default from its subsidiary, amounting to ₹725.88 crore, and retains 90% of the beneficial economic interest. The company says it has not transferred or acquired any stressed loans in the period.
Inference
The filing states that the Board approved the results on 4 Nov 2026 after Audit Committee review on 3 Nov 2026, and that the joint statutory auditors issued limited review reports dated 4 Nov 2026 with no modification of their conclusion. The consolidated review report says four subsidiaries and one step-down subsidiary were not reviewed by the auditors, and that part of the conclusion rests on other auditors' reports.
The company issued secured non-convertible debentures by private placement: ₹515.00 crore on 27 Jul 2026 and ₹750.00 crore on 19 Aug 2026, a re-issue with ₹754.17 crore utilised, and states no deviation in use of proceeds. The auditors have certified assets with a book value of ₹22,063.96 crore securing listed secured debt, and the company states a cover of 100% to 125% as per the terms of issue.
The filing does not give the reason for the fall in profit from the previous quarter, the reason for or price of the loan acquisition from the subsidiary, or any dividend declared with these results.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
