Sundaram Finance Declares 160% Interim Dividend After 18% Profit Jump, Shares Soar

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CNBC Awaaz•02-02-2026, 15:26
Sundaram Finance Declares 160% Interim Dividend After 18% Profit Jump, Shares Soar
- •Sundaram Finance Ltd announced an interim dividend of 160% (Rs 16 per share) for its shareholders.
- •The record date for the dividend is February 6, 2026, with payment on or after February 25, 2026.
- •The company's net profit surged by 18.9% year-on-year to Rs 541.4 crore in Q3 FY26.
- •Sundaram Finance's share price has increased by 19.71% in the last 6 months and 23.80% over 1 year.
- •Rajiv C. Lochan and A.N. Raju were re-appointed as Managing Director and Joint Managing Director, respectively, effective April 1, 2026.
Why It Matters: Sundaram Finance announced a significant interim dividend following strong Q3 FY26 results and share growth.
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