 "automobile, auto sales, auto component, car, equipment, manufacturing, component, production, jobs, workers")
Auto components maker Sundram Fasteners on Friday reported a 24 per cent decline in consolidated net profit at Rs 107.43 crore for the fourth quarter ended March 2022.
The company had reported a consolidated net profit of Rs 140.80 crore in the same period of the 2020-21 fiscal.
Revenue from operations, however, rose to Rs 1,339.84 crore in the reported quarter, as against Rs 1,273.10 crore in the year-ago period, the company said in a statement.
For the year ended March 31, 2022, the company posted a consolidated net profit of Rs 461.83 crore as compared to Rs 362.71 crore in 2020-21.
Its consolidated revenue from operations for FY22 was at Rs 4,902.06 crore, as against Rs 3,644.29 crore in the previous year.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
