Fastener Shanghai
fastener
Official WeChat
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->Sundram Fasteners Q4 standalone net up 8.62%You are the 584107 visitors
Views:1489   |   recommendation:fastener   |   Votes:1   |   Discuss:0
Sundram Fasteners Q4 standalone net up 8.62%

The city-based company had registered standalone net profits at Rs 87.66 crore during corresponding period of last year. For the financial year ending March 31, 2018, standalone profits surged 16.47 percent to Rs 367.47 crore from Rs 315.48 crore registered during year-ago period.

Sundram Fasteners Ltd, part of the diversified conglomerate TVS Group, has recorded a 8.62 per cent rise in its standalone net profits for the fourth quarter ending March 31, 2018 at Rs 95.22 crore.

The city-based company had registered standalone net profits at Rs 87.66 crore during corresponding period of last year. For the financial year ending March 31, 2018, standalone profits surged 16.47 percent to Rs 367.47 crore from Rs 315.48 crore registered during year-ago period.

The standalone total income for the January-March 31, 2018 quarter went up to Rs 962.79 crore, from Rs 848.12 crore registered during corresponding period of last year. For the year ending March 31, 2018 the standalone total income grew to Rs 3,478.66 crore, from Rs 3,184.46 crore registered during corresponding period of last year.

In a press release, the company said domestic sales, net of excise duties for the year ending March 31, 2018 were at Rs 2,146.76 crore, as against Rs 1,836.61 crore registered during same period of last year.

It was due to increase in production of passenger vehicles, utility vehicles, light commercial vehicles and two- wheelers. Export sales for the year ending March 31, 2018 were at Rs 1,144.46 crore, as against Rs 1,044.11 crore registered during same period of last year.

"The company has enjoyed a double digit compounded annual growth rate of sales for the last five years," the statement said. The board had earlier during the year ending March 31, 2018, declared an interim dividend of Rs 1.90 per share (190 percent) and it was paid to share-holders in November 2017.

Source: PTI

2018/5/15 17:35:00

Previous:    China's industrial output expands 7 pct, beating expectations
        Next:    China's steel prices recover on rising demand

Recent Related News
Bossard Confirms Record Sales for 2018--2019-03-19
Norma Reports 7.7% organic growth in 2018--2019-02-27
Bossard Group Receives Aerospace Certification AS9120 in Italy--2019-02-20
Japanese Nitto Seiko Develops Collar-less Self-tapping Screws--2019-02-20
Japanese KTC Works with Hitachi on AR-Enabled Bolt Fastening System--2019-02-14
Nedschroef Celebrates 125 Years of Ideas Coming Together--2019-02-12
Fastenal Reports Revenue on the Upswing--2019-01-28
WüRTH GROUP CONTINUES DOWN THE ROAD TO SUCCESS IN 2018--2019-01-21
Bossard Reports “Another Year of Record Results”--2019-01-12
Sundram Fasteners Q2 profit up 22% to Rs 1.10 bn, revenue crosses Rs 10 bn--2018-12-10
Anixter International Inc. Names New Member to Board of Directors--2018-12-04
Dongtai Huawei to Exhibit at Vietnam International Exhibition on Hardware & Hand Tools 2018--2018-12-03

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener5fastener

Fastener Trade Show Suzhou


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•Fastener Fair India, Apr 25-26, 2019, Mumbai, India

•METALTECH, May 15-18, 2019, Malaysia

•IT BY FERROFORMA, Jun 4-6, 2019, Bilbao, Spain



Show Room



Offer Product

Latest News
• The 30th Manufacturing World Japan Concludes with Great Success!

• Reed Exhibitions closes acquisition of Mack Brooks Exhibitions

Buyers' Guide
Company News

• Yuxin Fastener System: Dedicated to Becoming the Leading Manufacturer of Anchors in China

• Dongtai Huawei: One-Stop Supplier of Stainless Steel Fasteners

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener