Sundaram Fasteners

The consolidated earnings per share (EPS) for the quarter ended March 31, 2024, amounted to Rs 6.36, compared to Rs 6.01 in the corresponding period last year

Auto-component maker Sundram Fasteners Ltd has reported a standalone net profit of Rs 116.19 crore, for the October-December 2023 quarter, the company said. The company had registered a standalone net profit of Rs 106.13 crore, during the corresponding quarter of last year. Net profits on a standalone basis for the nine-month period ending December 31, 2023 stood at Rs 346.65 crore as against Rs 347.99 crore registered year ago. The standalone total income during the quarter under review was Rs 1,204.92 crore, as against Rs 1,236.18 crore registered in the same period of last year. Total standalone income for the nine month period ending December 31, 2023 slipped to Rs 3,661.50 crore, from Rs 3,708.25 crore registered in the same period of last year. In a statement, the company said the revenue from operations was Rs 1,180.62 crore, for the quarter ending December 31, 2023 as against Rs 1,226.87 crore during the same period in the previous year. Domestic sales during the quarter

Company plans capex of Rs 300 cr in FY24, has got orders to serve large electric vehicles

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Srinivasan will continue to be the Managing Director of the company post April, and will be designated as Chairman Emeritus

The company's total revenue from operations trebled to Rs 1,112.4 crore from 373.2 crore a year ago

Group has over 50 firms managed by various branches of the TVS family tree. With time, the members felt ownership of shares in various enterprises should be in sync with their management

Revenue from operations during the quarter was flat at Rs 889 cr; China operations back to normal

The consolidated total income for the quarter ending June 30, 2020 stood at Rs 381.80 crore as against Rs 1,185.24 crore registered a year ago

GM recognised 116 of its best suppliers from 15 countries that have consistently exceeded GM's expectations, created outstanding value or introduced innovations to the company

The new unit will provide further impetus to the company's export thrust through addition of products to its portfolio as well as diversifying its export customer base

Manufacturing sector veteran and Sundram Fasteners chairman Suresh Krishna said that the company is not shying away from investments since it wants to be ready when economy and auto sector bounce back

The new MD and JMD of Sundram Fasteners speak on how the company is placed to grow and face the challenges in the future