Sundram Fasteners’ superb performance

The net profit of Sundram Fasteners Ltd. (standalone) for the quarter ended December 31, 2017, was at Rs. 91.66 crores as against Rs. 75.34 crores during the same period in the previous year, an increase of 21.7%, and for the nine months ended at Rs. 272.26 crores, as against Rs. 227.82 crores during the same period in the previous year, an increase of 19.5%.

Mr. Suresh Krishna, Chairman & MD, Sundram Fasteners

The company recorded revenue from operations (net of excise duty) for the quarter ended December 31, 2017 was at Rs. 848.13 crores as against Rs. 707.23 crores during the same period in the previous year, achieved an increase of 19.9%, and for the nine months ended December 31, 2017 at Rs. 2,450.67 crores as against Rs. 2,155.32 crores during the same period in the previous year, an increase of 13.7%.

The export sales for the nine months ended December 31, 2017 was at Rs. 842.56 crores (last year same period Rs. 766.57 crores), an increase of 9.9%.

The domestic sales, net of excise duties for the nine months ended December 31, 2017 was at Rs. 1,536.62 crores (last year same period Rs. 1,352.86 crores), an increase of 13.6%.

The earnings per share for the nine months ended December 31, 2017 amounted to Rs. 12.96 (last year same period Rs. 10.84).