Sundaram Finance Holdings Ltd. reported a consolidated profit after tax of ₹107.12 crore for the January–March 2025 quarter, the company said on Friday.
The Chennai-based firm had posted a profit after tax of ₹269.32 crore in the corresponding quarter of the previous financial year.
For the financial year ended March 31, 2025, consolidated profit after tax stood at ₹412.08 crore, compared to ₹533.14 crore in the year-ago period.
In a statement, the company said the profit before tax in FY24 included a one-time gain of ₹175.67 crore from the redemption of non-convertible redeemable preference shares of TVS Holdings Ltd. Excluding this, net profit for FY25 rose 15.28%.
Similarly, the profit before tax for the March 2024 quarter also included the same one-time receipt. Excluding it, net profit for the March 2025 quarter rose 14.38%, the company said.
Sundaram Finance Holdings primarily operates as a holding company with a portfolio of automotive businesses, including foundries, wheels, brakes, turbochargers, and axles.
Consolidated total income during the quarter under review declined to ₹51.22 crore from ₹218 crore in the same period last year. For FY25, total income dropped to ₹160.02 crore from ₹297.17 crore in FY24.
The Board of Directors, which met on May 22, declared a second interim dividend of ₹0.60 per share (12%) and recommended a final dividend of ₹1.55 per share (31%). Along with an interim dividend of ₹3.70 per share (74%) paid in February 2025, the total dividend for FY25 aggregates to ₹5.85 per share (117%).
During the March 2025 quarter, the company sold its entire stake in Delphi TVS Technologies Ltd.
It also acquired a 100% stake in Forge 2000 Pvt. Ltd., engaged in forging, pressing, stamping, and roll forming of metal and powder metallurgy, for ₹16 crore.
In April 2025, Sundaram Finance Holdings and Forge 2000 Pvt. Ltd. jointly acquired a 48.33% stake in Axles India Ltd from DANA Global Product Plc, which exited the joint venture.
Sundaram Finance Holdings acquired 24.16% in Axles India Ltd. while Forge 2000 Pvt Ltd. acquired the remaining 24.17%. Post-acquisition, Axles India Ltd. became a subsidiary of Sundaram Finance Holdings effective April 25, 2025.
Published – May 23, 2025 11:47 pm IST