This TVS group company declared ₹59 per share dividend, Q3 sales up 22%

Sundaram Clayton Limited (SCL) informed the stock exchanges stating that “The Board of Directors of the company in its meeting held today declared an interim dividend of Rs. 59/- per share for the financial year ending 31st March 2023.” (1180%) on 2,02,32,085 Equity Shares of Rs 5/- each fully paid up, amounting to Rs 119 Crore. Declared Interim Dividend to be paid on or after February 10, 2023, to those shareholders , who hold shares in physical form and/or in electronic form and whose names appear respectively in the register of members and/or of the depository at the end of working hours on 3rd February 2023, the records prescribed by the company for the purpose the date is.”

On a consolidated basis, the company recorded revenue from operations of 8,475.43 Cr in Q3FY23 as against 6,915.62 Cr recorded in the year-ago quarter, registering a YoY growth of 22.55%. The company reported a consolidated net profit of Rs. 123.83 crore in the quarter ending December 2022 127.32 crore during the quarter ended December 2021, registering a decline of 2.74% YoY. The company’s EPS was as compared to 61.20 in Q3FY23 62.93 in Q3FY22.

On a standalone basis, Sundaram Clayton Limited (SCL) reported a net sale of Rs. 503.49 Cr in Q3FY23 as against 426.99 Cr recorded in the year-ago quarter, registering a growth of 17.91%. The company reported a standalone net profit of Rs. 34.18 Cr in Q3FY23 as against 16.36 Cr was recorded in Q3FY22, registering a YoY growth of 108.92%. Company’s EPS reached 16.89 in Q3FY23 as against 8.09 in Q3FY22.

Sundaram Clayton shares closed today on NSE 4,775.00 each level, up 0.25% from previous close 4,763.05. The stock recorded a total volume of 38,717 shares as compared to 20-day average volume of 3,547 shares.