INSUBCONTINENT EXCLUSIVE:
Sundram Fasteners, part of the $7.2 billion TVS group, on Monday reported 21.9 per cent rise in standalone profit to Rs 110.22 crore for
September quarter against Rs 90.43 crore in the previous year.
The company logged revenue from operations of Rs 1,001.61 crore for the
quarter ended September 30 against Rs 818.45 crore last year, an increase of 22.4%.
Sundram Fasteners has crossed Rs 1,000 crore mark in
terms of revenue for the first time
The export sales were at Rs 334.76 crore as against Rs 283.25 crore during the same period in the previous year.
Earnings per share stood
at Rs 5.25 against Rs.4.30 last year.
The board of the company at the meeting held today declared an interim dividend of Rs
2.00 per share, absorbing a sum of Rs 50.66 crore including dividend distribution tax (DDT) for the year 2018-19.
