Sundaram Fasteners Q4 net shrinks 42%

Image
Press Trust of India Chennai
Last Updated : May 29 2015 | 4:13 PM IST
Sundaram Fasteners, the flagship of the TVS Group, has registered a 41.8 per cent decline in its fourth quarter net profit at Rs 15.97 crore.
The Chennai-based auto-component manufacturer had registered net profit of Rs 27.45 crore in the same period of the previous fiscal, it said in a BSE filing today.
The total income from operations for the March quarter rose to Rs 600.40 crore, from Rs 520.62 crore a year ago.
For the full 2014-15, the net profit went up to Rs 135.32 crore, from Rs 120.89 crore in the year-ago period.
For 2014-15, the total income from operations grew to Rs 2,386.39 crore, from Rs 2,022.28 crore in the previous fiscal.
Sales for FY15 include exports of Rs 898.72 crore compared with Rs 760.75 crore shipped during the previous fiscal.
The board in its meeting has decided to pay an interim dividend of Re 0.90 per share (90 per cent) for 2014-15. It, however, did not recommend any final dividend for the same.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 29 2015 | 4:13 PM IST

Next Story