CRISIL Limited, credit rating agency, on Monday, has reaffirmed CRISIL A1+ rating for the short-term debt and commercial paper instruments of
Sundram Fasteners Limited.
Sundram Fasteners, part of the TVS Group, on Thursday reported highest ever profit after tax of Rs124.24cr for the December 2020 quarter, as against Rs103.06cr in the same period the previous year, registering an increase of 20.6%. Revenue from operations increased by 36% yoy to Rs942.20cr from Rs692.80cr.
Towards close of Tuesday's trade, Sundram Fasteners Ltd was trading at Rs593.75 per piece down by Rs3.85 or 0.64% from its previous closing of Rs597.60 per piece on the BSE.
Related Tags: