Sundaram-Clayton Q4 net rises 161 pc to Rs 32.51 crore

TVS Group company Sundaram-Clayton has reported a surge of 161 per cent in its net profit at Rs 32.51 crore for the fourth quarter ending March 31.
The auto-component maker had reported a net profit of Rs 12.43 crore during the corresponding quarter of last year, it said in a BSE filing.
For the full financial year ending March 31, net profit soared by 50.1 per cent to Rs 212.12 crore compared with Rs 141.23 crore registered year ago.
Total income for the March quarter went up by Rs 349.63 crore from Rs 329.75 crore in the previous year.
For the full year, total income reached Rs 11,339.71 crore from Rs 9,343.76 crore during same period of previous year.

Meanwhile, the Board at its meeting held today, declared its third interim dividend of Rs 6 per share for the year.

The board earlier declared first interim dividend of Rs 9 per share and second interim dividend of Rs 4 per share.
The total dividend will aggregate to Rs 19 per share (380 per cent) on 2,02,32,085 equity shares of Rs 5 each.
Shares of the company were trading at Rs 1,899 apiece up by 4.56 per cent on the BSE.