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Sundram Fasteners Q2 net dips to Rs 111 cr, income grows to Rs 1,225 cr

Auto-components producer Ltd has reported a standalone revenue of Rs 111.75 crore for the July-September 2022 quarter, in response to the Chennai-based firm on Wednesday.

Its standalone revenue was Rs 120.16 crore throughout the corresponding quarter final yr.

For the half-year ending September 30, 2022, the standalone revenue went as much as Rs 241.86 crore from Rs 232.71 crore final yr. The overall revenue grew to Rs 1,225.85 crore from Rs 1,064.29 crore.

For the six-month interval ending September 30, 2022, the revenue stood at Rs 2,472.07 crore in opposition to Rs 2,012.64 crore.

The home sale throughout the quarter underneath assessment was Rs 802.45 crore in opposition to Rs 663.26 crore final yr. Exports had been Rs 377.78 crore in opposition to Rs 362.81 crore.

“Regardless of the affect of heavy inflationary pressures skilled within the uncooked materials prices, the corporate has sustained earnings earlier than curiosity, depreciation and taxes for the quarter ending September 30, 2022 at Rs 193.22 crore as in opposition to Rs 200.95 crore in similar interval of final yr,” the corporate stated.

Its board declared an interim of dividend of Rs 3.57 per share (357 per cent) for 2022-2023. It declared additionally a further particular dividend of Rs 2 per share (200 per cent) to commemorate the sixtieth yr of the incorporation of the corporate.

The Board authorised the scheme of amalgamation of Sunfast TVS Ltd and TVS Engineering Ltd with Ltd and their respective shareholders.

“The amalgamation will facilitate operational synergies, environment friendly allocation of capital and integration of the defence and aerospace enterprise of the corporate,” the agency stated.

(Solely the headline and movie of this report could have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)

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