Massive 140% Interim Dividend and 6.56% Profit Growth from Large-Cap Stock – Is It a Buy?

Sundaram Finance, a large-cap stock listed on the BSE, announced its financial results on February 4 for the quarter ending December 2024. The non-banking financial company (NBFC) reported a 6.56% increase in net profit and strong performance in this quarters. In addition to its earnings report, the company also declared an interim dividend for its shareholders.

Sundaram Finance Dividend Record Date

Sundaram Finance has set the record date for this dividend has been set as February 7, 2025, meaning investors who hold shares of the company as of this date will be eligible to receive the dividend payout. Investors looking to benefit from this dividend payout must ensure they hold Sundaram Finance shares before the ex-dividend date, which is typically one business day before the record date.

Sundaram Finance Dividend History

According to Trendlyne data, the company declared two dividends in 2024, a final dividend of Rs. 16 per share on July 31, 2024, and an interim dividend of Rs.14 per share on February 16, 2024. Over the past 12 months, Sundaram Finance has distributed a total dividend of Rs. 30 per share. Since July 31, 2003, the company has declared 43 dividends, reflecting its commitment to returning value to investors. At the current share price of ₹4,637.50, Sundaram Finance Ltd.'s dividend yield stands at 0.65%, making it a steady dividend-paying stock in the NBFC sector.

Sundaram Finance Q3 FY25 Results

Sundaram Finance Ltd. reported a strong performance for the third quarter of FY25, with significant growth in revenue and profitability. The company's quarterly net profit also saw an increase of 6.56% YoY, reaching Rs. 455.47 crore in December 2024, up from Rs. 427.45 crore in the corresponding quarter of the previous year.EBITDA stood at Rs. 1,745.84 crore, reflecting an 18.16% growth from Rs. 1,477.53 crore recorded in December 2023. Net sales surged 20.26% year-on-year (YoY) to Rs. 2,190.31 crore in December 2024, Additionally, Earnings Per Share (EPS) improved to Rs. 41.33 in December 2024, compared to Rs. 38.79 in December 2023,

Sundaram Finance Shares Today

Sundaram Finance Ltd. shares opened at a level close to the previous day's closing price but quickly surged to an intraday high of Rs.4,721. The stock ended the day at Rs.4,606, marking an impressive 6.83% gain. Over the past 12 months, the stock has seen a 24% increase, reflecting strong performance. Additionally, over the last 5 years, Sundaram Finance shares have consistently delivered growth to investors.