The company said that Sundaram Finance Holdings Limited reported a consolidated benefit after a tax of the January -March 2025 quarter. 1 107.12 crore, the company said on Friday.
The firm in Chennai posted a profit after a tax of ₹ 269.32 crore in the respective quarter of the last financial year.
For the financial year ending 31 March, 2025, the consolidated profit after tax was ₹ 412.08 crore, compared to ₹ 533.14 crore in the year-old period.
In a statement, the company said that the benefit of tax before tax in FY14 included a one-time advantage of a .6 175.67 crore from the redemption of TVS Holdings Limited’s non-convertible redeemable preference shares, except this, the net profit for FY25 increased by 15.28%.
Similarly, a one -time receipt was also included in the benefit before tax for the March 2024 quarter. Except for this, the net profit increased 14.38%for the March 2025 quarter, the company said.
Sundaram Finance Holdings is mainly operated as a holding company with a portfolio of automotive businesses, including founders, wheels, brakes, turbocors and axles.
Under the review, the total income integrated during the quarter increased from ₹ 218 crore to ₹ 51.22 crore in the same period last year. For FY25, the total income in FY24 ranged from ₹ 297.17 crore to ₹ 160.02 crore.
The board of directors, who met on May 22, declared a second interim dividend of ₹ 0.60 per share (12%) and recommended the final dividend of ₹ 1.55 per share (31%). In February 2025, with an interim dividend of ₹ 3.70 per share (74%), the total dividend for FY25 for ₹ 5.85 per share (117%).
During the March 2025 quarter, the company sold its entire stake in Delphi TVS Technologies Limited.
It also won 100% stake in Forge 2000 Private. Ltd., for 16 crores, is engaged in forging, pressing, stamping and making rolls of metal and powder metal work.
In April 2025, Sundaram Finance Holdings and Forge 2000 Pvt. Limited jointly won a 48.33% stake in Axal India Limited from Dana Global Product PLC, which exited the joint venture.
Sundaram Finance Holdings acquired 24.16% in Axles India Limited, while Forge 2000 Private Limited acquired the remaining 24.17%. After the acquisition, the Axalas India Limited became a subsidiary of the effective Sundaram Finance Holdings on 25 April 2025.
Published – May 23, 2025 11:47 PM IST
