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The board of Sundaram-Clayton, at its meeting today, declared an interim dividend of Rs 44 per share for the financial year ending 31st March 2022.
The interim dividend declared will be paid on or after 7th April 2022.
Shares of Sundaram-Clayton were currently down 1.14% at Rs 3607 on the BSE.
Based on the ruling market price, the stock offers a dividend yield of 1.22% for the interim dividend of Rs 44 per share.
Sundaram-Clayton is one of the largest auto components manufacturing and distribution group in India. It is a leading supplier of aluminium die castings to automotive and non-automotive sector.
The company's consolidated net profit declined 37% to Rs 127.32 crore on an 8% increase in revenue from operations to Rs 6,915.62 crore in Q3 FY22 over Q3 FY21.
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