 "Q1 results: Net profit of 113 firms up 10.8%, sales growth at 10-qtr low")
Sundram Fasteners Ltd on Wednesday said it has recorded a consolidated net loss of Rs 25.43 crore for the quarter ending June 30, 2020 following the unprecedented challenges bought by the Covid-19 pandemic during the period.
The city-based company had registered consolidated profits of Rs 96.89 crore during the corresponding quarter of the previous year.
For the year ending March 31, 2020 consolidated profits was Rs 326.53 crore.
In a statement, the company said that based on the central and state government directives,it gradually resumed operations across all plant locations in May.
During the quarter under review, the company witnessed truncated operations in May and
