Sundram Fasteners Third quarter net profit at Rs. 91.66 Cr - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Tuesday, January 30, 2018

Sundram Fasteners Third quarter net profit at Rs. 91.66 Cr

Sundram Fasteners announces third quarter results with net profit at Rs. 91.66 Cr

 Sundram Fasteners Limited (SFL), part of the $7.2 bn TVS group, today announced its Q3 results. The net profit of Sundram Fasteners Limited (standalone) for the quarter ended 31st December 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%. 

The Company recorded revenue from operations (net of excise duty) for the quarter ended 31st December 2017 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 31st December 2017 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 31st December 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 31st December 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 31st December 2017 amounted to Rs.12.96 (Last year same period Rs.10.84).

About Sundram Fasteners

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. With a diversified product line, world-class facilities in 3 countries and motivated team of talented people, Sundram Fasteners has become a supplier of choice to leading customers in the automotive segments worldwide.

The product range consists of high-tensile fasteners, powder metal components, cold extruded parts, hot forged components, radiator caps, automotive pumps, gear shifters, gears and couplings, hubs and shafts, tappets and iron powder. Over the years, the Company has acquired cutting-edge technological competencies in forging, metal forming, close-tolerance machining, heat treatment, surface finishing and assembly.

Manufacturing locations are supported by engineering and design personnel working on new product design and development. Understanding the global nature of business and the need to provide quality products on “just in time” basis to customers, the company has established supply chain logistics networks spanning several continents.

At Sundram Fasteners, growth is a natural outcome of total adherence to three core operating principles: customer orientation, total quality and ethical business practices.

For further information, please contact:
V. Madhavan / VAR Suresh
Corporate Communications


Ph:+91-9677008432 / 9940039585
Sundram Fasteners Third quarter net profit at Rs. 91.66 Cr Reviewed by S. Chitra on January 30, 2018 Rating: 5 Sundram Fasteners announces third quarter results with net profit at Rs. 91.66 Cr  Sundram Fasteners Limited (SFL), part of the $7.2 bn T...

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