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
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