Econom

Sundaram Clayton turns profit

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Sundaram-Clayton Ltd., a TVS group company, has reported a net profit of ₹12.09 crore for the quarter ended September, 2018 as against a net loss of 40.51 crore in the same quarter the previous year. Total income of the company stood at ₹486.70 crore for the quarter ended September, 2018, up from ₹412.96 crore in the year-ago period.

The profit before tax was ₹17.14 crore during the quarter under review against a loss of ₹42.57 crore in the same period year ago. The earning per share works out to ₹5.97.