Sundram Fasteners posts 24% dip in Q3 net profit, revenue up 9%

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, a TVS Group company, has posted 24 per cent dip in consolidated net profit for the third quarter of the current financial year to Rs 110 crore as against Rs 144 crore during October to December quarter of 2020-21.

The company’s consolidated revenue from operations posted for the quarter ended December 31, 2021 was up by 9 per cent to Rs 1,208 crore as against Rs 1,109 crore during the same period in the previous year. The consolidated earnings per share (EPS) for the quarter ended December 31, 2021 amounted to Rs 5.15 and was Rs 6.79 in the corresponding period last year. The company board at its meeting held on Thursday declared an interim dividend of Rs 6.45 per share (645 per cent) for the financial year ending March 31, 2022.