Sundram Fasteners 2qtr standalone net up 17.5% to Rs 90.43 Cr

Sundram Fasteners Ltd, part of the USD 7.2 billion TVS Group, today reported a 17.5 per cent rise in its standalone net profit at Rs 90.43 crore for the second quarter of this fiscal ending September 30.
During the corresponding quarter in the previous year, the city-based auto-component manufacturer had posted a standalone net profit of Rs 76.93 crore.
For the half-year period ending September 30, 2017, the standalone net profit surged by 18.4 per cent to Rs 180.60 crore from Rs 152.48 crore registered in the year ago period.
Total income for the July-September 30, 2017 period rose to Rs 819.70 crore from Rs 796.44 crore during the corresponding period of last year.

For the six month period ending September 30, 2017 standalone total income grew to Rs 1,670.26 crore from Rs 1,569.05 crore registered during year ago period.
The earnings before interest, depreciation and taxes for the quarter ending September 30, 2017 increased by 12.7 per cent to Rs 159.47 crore from Rs 141.51 crore registered during year ago period.

For the half year period ending September 30, 2017, the EBIDTA increased by 12.2 per cent to Rs 315.80 crore from Rs 281.48 crore registered during year ago period.
Sales from exports during the six month period ending September 30, 2017 went upto Rs 561.87 crore from Rs 506.07 crore registered during year ago period.

The Board of Directors decided to pay an interim dividend of Rs 1.90 per share (190 per cent) for the financial year ending March 31, 2018.