Sundram Fasteners posts Rs 120 cr Q1 net profit vs Rs 25 cr year-ago loss

The company's total revenue from operations trebled to Rs 1,112.4 crore from 373.2 crore a year ago

Sundram Fasteners Ltd (SFL), a part of the $8.5 billion TVS Group, has posted a consolidated net profit of Rs 120.5 crore for the first quarter of the current financial year. This was compared to a net loss of Rs 25.4 crore during the April to June quarter of 2020-21.

The company's total revenue from operations for the quarter ended June 30, 2021 was at Rs 1,112.4 crore as against Rs 373.2 crore during the same period in the previous year, posting a rise of 198 per cent.

Consolidated revenue from operations for the quarter ended June 30, 2021 includes exports of