Sundram Fasteners Q2 profit up 22% to Rs 1.10 bn, revenue crosses Rs 10 bn

Sundram Fasteners Limited has reported a profit of Rs 1.10 billion during the quarter ended September 30, 2018, as against Rs 960 million in the same period of the previous financial year, an increase of around 22 per cent. 

Total income of the company rose to Rs 10.11 billion from Rs 8.26 billion, an increase of around 23 per cent.

The company has crossed the milestone of posting quarterly revenue from operations of Rs 10 billion for the first time. The export sales for the quarter were at Rs 3.34 billion as against Rs 2.83 billion during the same period in the previous year, an increase of 18.2 per cent.   

The board, at its meeting held on Monday, declared an interim dividend of Rs 2.00 per share (200 per cent) for 2018-19.