: Sundram Fasteners Ltd, engaged in manufacturing of auto components reported a consolidated profit for the quarter ending December 31, 2021 at Rs 110 crore, the company said on Thursday.
The company had reported consolidated net at Rs 143.70 crore during same period of previous financial year, Sundaram Fasteners said in a statement.
For the nine month period ending December 31, 2021 consolidated profit grew to Rs 354.40 crore from Rs 221.91 crore registered in same period previous fiscal.
Total income on a consolidated basis for the quarter review went up to Rs 1,217.93 crore from Rs 1,118.64 crore registered during same period last financial year.
Total income for the nine-month period on a consolidated basis surged to Rs 3,591.51 crore from Rs 2,397.48 crore registered during same period last financial year.
The Board at its meeting held today, declared an interim dividend of Rs 6.45 per share (645 per cent) for the financial year ending March 31, 2022, the statement said.
The domestic sales for the quarter ending December 31, 2021 were at Rs 658.37 crore as against Rs 637.01 crore registered same period last financial year.
The increase in commodity prices, as well as the costs of logistics and other inputs had a significant impact on the margins, which was mitigated through cost reduction measures and price support from the customers, the company said.
Export sales for the quarter ending December 31, 2021 were at Rs 335.95 crore as against Rs 277.20 crore registered during same period last financial year. The company continues to post a robust growth in export sales it said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU