Sundram Fasteners clocks Q3 net profit at Rs91.66 crore
For the April-December period, Sundram Fasteners’ revenue from operations rose to Rs2,450.67 crore from Rs2,155.32 crore registered during year ago period
Chennai: Sundram Fasteners Ltd, part of the $7.2 billion TVS Group, has recorded a 21.6% rise in net profits for the third quarter ending 31 December 2017 at Rs91.66 crore.
The city-based company reported net profits at Rs75.34 crore in the corresponding period of the previous year, the company, which manufactures auto-parts, said in a statement. For the nine month period ending 31 December 2017, net profits went upto Rs272.26 crore from Rs227.82 crore registered during the same period last year.
Total revenue from operations for the third quarter ending 31 December 2017 was at Rs848.13 crore against Rs707.23 crore registered during year ago period. For the April-December period, revenues from operations rose to Rs2,450.67 crore from Rs2,155.32 crore registered during year ago period, it said.
Domestic sales (net of excise duties) for the nine month period ending 31 December 2017 was Rs1,536.62 crore against Rs1,352.86 crore registered during year ago period. Exports for the April-December 2017 period was Rs842.56 crore as compared to Rs766.57 crore registered during the corresponding period of last year.
Shares of the company ended at Rs527.10 apiece down by 2.75% over previous close in the BSE.
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