Sundaram Finance Ltd (SFL) has posted a 16% increase in its consolidated net profit for the December quarter at ₹523 crore over the corresponding period last year.
Total revenue from operations rose to ₹2,514 crore from ₹2,190 crore in the same period last year. Net profit included an exceptional item of ₹67 crore due to the impact of the new Labour Codes.
On the asset quality front, gross non-performing assets rose to 1.91% from 1.70%, while net NPA increased to 1.06% from 0.97%. The capital adequacy ratio stood at 19.1%. Q3 disbursements grew 14% to ₹8,847 crore.
Assets under management of the lending and general insurance businesses stood at ₹87,302 crore (₹75,708 crore), while that of the asset management business grew to ₹86,195 crore from ₹76,038 crore.
“Q3 FY26 witnessed macroeconomic tailwinds following the announcement of robust 8.2% real GDP growth in Q2 and the impact of the September 22, 2025, initiation of GST 2.0 reforms. While private sector capital expenditure continued to remain muted, consumption activity picked up across sectors, aided by GST rate reductions and festive season demand,” said Harsha Viji, Executive Vice Chairman, SFL.
“Our group companies in asset management, general insurance and home finance have continued to record strong results. We continue to rely on our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability,” Viji said.
Rajiv Lochan, Managing Director, said, “The morale of Team Sundaram has risen substantially following a well-executed festival plan across all regions and businesses. Looking ahead, rural sentiment is expected to remain buoyant, while urban sentiment is likely to improve on GST rate cut benefits. As economic activity picks up, we are well positioned to deliver the unparalleled Sundaram experience to our customers and partners and expand our market share across geographies.”
The board declared an interim dividend of ₹16 per share.
The consolidated results include the nine-month performance of its standalone subsidiaries Sundaram Home Finance and Sundaram Asset Management, and joint venture company Royal Sundaram General Insurance.
Royal Sundaram reported a gross written premium of ₹3,384 crore compared with ₹2,965 crore and posted a net profit after tax of ₹160 crore (₹134 crore).
Sundaram Home Finance disbursements grew 7% to ₹4,911 crore, while net profit stood at ₹212 crore against ₹173 crore in the year-ago period.