Sundaram-Clayton Reports 16% EBITDA Growth, Appoints New CFO
Sundaram-Clayton Limited (SCL) reported a 16% increase in EBITDA to Rs. 70.60 crores, despite a decrease in standalone revenue to Rs. 444.10 crores. The company is consolidating its Indian operations from three plants to two, while its US operations achieved record quarterly sales of Rs. 79.70 crores, a 32% year-over-year increase. SCL appointed Hariharan V as the new CFO, effective September 1, bringing over 32 years of industry experience. The company remains committed to the North American market as a long-term strategic opportunity.

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Financial Performance
Sundaram-Clayton Limited (SCL), a leading manufacturer of engineered aluminium die-cast components for the automotive sector, reported a robust 16% improvement in EBITDA, reaching Rs. 70.60 crores compared to Rs. 61.10 crores in the same quarter of the previous year. The company's standalone revenue stood at Rs. 444.10 crores, down from Rs. 553.60 crores in the corresponding quarter last year. However, it's worth noting that the previous year's figure included revenue from the Hosur business, which was sold in the fourth quarter of the previous fiscal year.
Operational Highlights
India Operations
SCL's operations have ramped up smoothly at its new Thervoy Kandigai Plant (TKP) in Chennai, following the commencement of full-scale operations at its state-of-the-art mega die-casting smart factory. In a strategic move to enhance operational efficiencies, the company is consolidating its three plants (TKP, Oragadam, and Mahindra World City) into two (TKP and Oragadam). This consolidation process is in its final stages.
US Operations
Despite ongoing softness in the overall North American market, SCL's US operations have shown promising results. The company's US plant in South Carolina has begun serial production and supplies to customers from its 4,400-ton machine. Notably, the US operations registered their highest quarterly sales performance of Rs. 79.70 crores since inception, marking a 32% increase over the same quarter of the previous year.
New CFO Appointment
In a significant leadership change, SCL has appointed Hariharan V as its new Chief Financial Officer, effective September 1. Hariharan brings over 32 years of rich experience in the manufacturing industry, with expertise in finance, planning, marketing, human resources, internal audit, and risk management.
Hariharan's educational background includes:
- Bachelor's Degree from St. Joseph's College, Trichy
- Chartered Accountancy certification from the Institute of Chartered Accountants of India
- Post Graduate degree in Engineering Business Management from the University of Warwick
- Various leadership development programs
Having joined SCL in 1997, Hariharan has been instrumental in leading various functions within the company, including finance, marketing, business planning, human resources, and internal audit. His appointment as CFO comes after a successful tenure overseeing the company's US project.
Strategic Outlook
Despite challenges in the North American market, SCL continues to view it as a long-term strategic market with growth opportunities. The company's investment in its US plant and the recent performance improvements underscore this commitment.
As Sundaram-Clayton Limited moves forward with its plant consolidation in India and expansion in the US, the company appears well-positioned to capitalize on its operational efficiencies and global market presence in the automotive components sector.
With its focus on high-quality, innovative solutions for global customers in both commercial and passenger vehicle segments, and a strong emphasis on sustainability, SCL continues to strengthen its position as a leader in lightweighting, advanced manufacturing, and future-ready automotive solutions.
Historical Stock Returns for Sundaram Clayton
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-1.71% | -3.96% | -6.35% | -21.62% | -30.93% | +7.27% |