Sundaram Finance Q2 PAT up 21% at ₹475 crore, Chairman S Viji steps down

SENSEX 77,301.40

+ 383.55

NIFTY 23,960.60

+ 149.75

CRUDEOIL 8,690.00

 -414.00

GOLD 142,693.00

+ 3,241.00

SILVER 186,428.00

+ 6,730.00

SENSEX 77,301.40

+ 383.55

NIFTY 23,960.60

+ 149.75

NIFTY 23,960.60

+ 149.75

CRUDEOIL 8,690.00

 -414.00

CRUDEOIL 8,690.00

 -414.00

GOLD 142,693.00

+ 3,241.00

'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth(); THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.

Disbursements in the second quarter up by 28% at ₹10,355 crore

By Sindhu Hariharan

Updated - November 04, 2026 at 08:17 PM.

Rajiv Lochan, MD, Sundaram Finance Ltd | Photo Credit: BIJOY GHOSH

Sundaram Finance Ltd (SFL) on Wednesday reported a 21 per cent growth in standalone net profit to ₹475 crore for the quarter ended September 2026 (Q2FY27).

The board also announced that S. Viji, the long-standing Chairman of the SFL Board for the last 21 years, has stepped down as Non-Executive Director and Chairman, owing to his age and other personal considerations. The board has elected R. Venkatraman, Independent Director, to be the Chairman, in a move that makes him the first person outside of the TSF family to hold this position. Venkatraman was head of KPMG India’s consulting practice and has over four decades of experience in management consulting.

SFL’s quarterly and half-yearly performance saw a boost on strong disbursements growth, along with an improvement in asset quality.

Disbursements for Q2FY27 grew by 28 per cent to ₹10,355 crores. Assets under Management of the NBFC, which primarily offers vehicle finance, grew 19 per cent YoY to ₹65,992 crore.

On a consolidated basis, net profit for the quarter grew 6 per cent to ₹517 crore. Profit after tax for H1FY27 grew by 20 per cent to ₹1,153 crore. The consolidated results of SFL include the results of Sundaram Home Finance, Sundaram Asset Management and joint venture company Royal Sundaram General Insurance.

Asset quality improved with Gross stage-3 assets as of September 2026 standing at 1.84 per cent, as against 2.03 per cent. Net stage 3 assets closed at 0.91 per cent, as against 1.13 per cent in the year-ago period.

Rajiv Lochan, Managing Director, SFL, told businessline that the industry has seen strong growth despite the macro shocks, and the categories that SFL particularly lends in have seen double-digit growth. “The decision to focus on used vehicle segment has worked out well for us, with 30 per cent of the disbursement in H1FY27 being used vehicle financing,” he added. “Our outlook for H2 is constructive on growth, coupled with a need for monitoring external factors around geopolitical tensions, monetary policy direction and the impact to sentiment of the below normal monsoon.”

Harsha Viji, Executive Vice-Chairman, SFL, said the team had delivered strong metrics in the backdrop of renewed tensions in West Asia, crude oil price volatility and tighter global financial conditions, increasing inflationary and external-sector risks.

SFL also announced that in order to simplify the group structure, the board has approved acquisition of the entire shareholding (3,90,53,158 equity shares of ₹10 each) in Sundaram Alternate Assets Ltd (SAAL) from Sundaram Asset Management Company Ltd (SAMCL) for a consideration of ₹75 crore. This makes SAAL a direct subsidiary of SFL, instead of a step-down subsidiary. SAAL recorded a revenue of ₹99 crore and profit of ₹21 crore for H1FY27.

Shares of SFL closed the trading day at ₹3,975, down 2 per cent on the NSE.

Published on November 4, 2026

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.Sign into Unlock benefits!

• Access 10 free stories per month
• Get notified by email for early preview to new features, discounts & offers