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Home->Fastener News->Sundram Fasteners Q1 profit up by 19%You are the 337219 visitors
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Sundram Fasteners Q1 profit up by 19%

Sundram Fasteners Limited is a part of the US $7.2 billion TVS Group, headquartered in Chennai, India. The Company has established a track record of leadership over 50 years.

Sundram Fasteners Limited (SFL), part of the $7.2 bn TVS group, on Monday announced its FY18 Q1 results with the net profit of the Company for the Quarter ended 30th June 2017 was at Rs.90.17 crores, as against Rs.75.55 crores during the same period in the previous year, an increase of 19.4%, the company said in a press statement.

The component maker has recorded revenue from operations (net of Excise duty) of Rs.788.82 crores for the Quarter ended 30th June 2017 as against Rs.710.97 crores achieved during the same period in the previous year, an increase of 10.9%.

The earnings before interest, depreciation and taxes (EBIDTA) for the June quarter has increased to Rs.156.32 crores as against Rs. 139.96 crores during the same period in the previous year, an increase of 11.7%.

The export sales for the Quarter ended were at Rs.283.35 crores as against Rs.246.52 crores during the same period in the previous year.

The Earnings per share for the Quarter ended 30th June 2017 amounted to Rs.4.29 (Last year same period Rs.3.60).

Sundram Fasteners Limited is a part of the US $7.2 billion TVS Group, headquartered in Chennai, India.

Source: ET Auto

2017/8/9 16:11:00

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