SF Holdings FY23 net more than doubles to ₹95 cr. on dividend income

Sundaram Finance Holdings Ltd., (SF Holdings) reported standalone net profit for FY23 more than doubled year-on-year to ₹95 crore.

SF Holdings primarily operates as a holding company owning a portfolio of automotive businesses such as foundries, wheels, brakes, turbo chargers, axles, and distribution of spare parts, according to a statement.

As a result, dividend from portfolio companies forms a substantial part of the financial results. Dividend received from portfolio companies more than doubled to ₹97 crore from ₹41 crore.

The board recommended a final dividend of ₹1.50 per share and a special dividend of ₹1 per share.

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