Sundaram Finance Q3 Profit Jumps 18.9%, Declares ₹16 Dividend Amid Strong Growth

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CNBC TV18•02-02-2026, 14:35
Sundaram Finance Q3 Profit Jumps 18.9%, Declares ₹16 Dividend Amid Strong Growth
- •Sundaram Finance reported an 18.9% year-on-year increase in net profit to ₹541.4 crore for the December quarter, driven by higher dividend income and steady lending.
- •Net interest income grew 19% to ₹913 crore, with disbursements rising 14% to ₹8,847 crore for the quarter.
- •Assets under management expanded 16% to ₹58,236 crore, reflecting improving consumption trends and stable demand.
- •The board declared an interim dividend of ₹16 per share (160%), with February 6, 2026, as the record date.
- •The company reappointed Rajiv C Lochan as MD and A N Raju as JMD, effective April 1, 2026, and shares surged over 5% post-results.
Why It Matters: Sundaram Finance posted strong Q3 results with increased profit and dividend, signaling robust financial health.
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