Sundaram Fasteners Q4 net shrinks 42%

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.