Sundram Fasteners

This is the tenth time that SFL has received the Supplier of the Year award, underlining the company's dedication to delivering quality products that exceed GM's expectations

Auto components firm says it is 'progressing well' despite macroeconomic challenges

Company will invest Rs 200 cr support order it says is the largest for an Indian firm in the product range

Auto-components manufacturer Sundram Fasteners Ltd has reported a standalone profit of Rs 111.75 crore for the July-September 2022 quarter, according to the Chennai-based company on Wednesday. Its standalone profit was Rs 120.16 crore during the corresponding quarter last year. For the half-year ending September 30, 2022, the standalone profit went up to Rs 241.86 crore from Rs 232.71 crore last year. The total income grew to Rs 1,225.85 crore from Rs 1,064.29 crore. For the six-month period ending September 30, 2022, the income stood at Rs 2,472.07 crore against Rs 2,012.64 crore. The domestic sale during the quarter under review was Rs 802.45 crore against Rs 663.26 crore last year. Exports were Rs 377.78 crore against Rs 362.81 crore. "Despite the impact of heavy inflationary pressures experienced in the raw material costs, the company has sustained earnings before interest, depreciation and taxes for the quarter ending September 30, 2022 at Rs 193.22 crore as against Rs 200.95

Board approves amalgamation of Sunfast TVS and TVS Engineering with Sundram Fasteners

The company's revenue from operations for the quarter ended June 30, 2022 came in at Rs 1,410.12 crore

Government's production linked incentive scheme will be good for the automotive sector, says firm

: Sundram Fasteners Ltd., engaged in manufacturing of auto components, on Saturday said the standalone net profit was at Rs 71.41 crore for the fourth quarter ending March 31, 2021. The city-based TVS Group company had registered standalone net profit at Rs 130.02 crore during corresponding quarter previous year. Net profit for the year ending March 31, 2022 was at Rs 407.46 crore, as against Rs 328.14 crore recorded last fiscal, Sundram Fasteners said in a press release. The revenue from operations for the quarter under review stood at Rs 1,146.44 crore, as against Rs 1,079.25 crore registered in the corresponding period last year. For the year ending March 31, 2022, the revenue from operations was at Rs 4,172.57 crore as compared to Rs 3,065.03 crore registered last year same period. Sales from exports during the January-March 2022 quarter grew to Rs 366.01 crore, as against Rs 337.21 crore recorded in same period last fiscal. Export sales for the year ending March 31, 2022 wen

The company had reported a consolidated net profit of Rs 140.80 crore in the same period of the 2020-21 fiscal

This is the ninth time Chennai-based auto parts firm has got the recognition, and follows govt approval of its PLI application

The company board at its meeting held on Thursday declared an interim dividend of Rs 6.45 per share for the financial year ending March 31, 2022

: 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.

Better profit number comes despite 54% spike in input costs; firm draws up Rs 250 cr capex plan for current financial year

The domestic sales registered a growth of 42.8 per cent at Rs 637 crore for the quarter under review

The China facility is running profitably and manufactured fasteners, bearing housings and castings, and the company had invested adequately for the current level of operations there, Krishna said

In view of the impact of coronavirus pandemic, the remuneration payable to the employees of SFL has been reduced by 15 per cent to 35 per cent

"Suresh Krishna has been a role model for the society in embracing the principles of Quality," CII Institute of Quality in its Citation

She has lined up around Rs 500 crore in capex for 2019-20, and the bulk of this money will be spent on improving the company's market share in non-automotive businesses

The company is a part of TVS Group

The company has crossed the milestone of posting quarterly revenue from operations of Rs 10 billion for the first time