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Sundram Fasteners Q2 net up 17.5% to Rs 90 cr, revenue rises 10%

Market not impressed, shares end 1.89% down on BSE

Sundram Fasteners Q2 net up 17.5% to Rs 90 cr, revenue rises 10%
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T E Narasimhan Chennai
Sundram Fasteners Limited (SFL), part of the $7.2 billion TVS group, has reported a 17.5 per cent rise in net profit, to Rs 90.43 crore, during the second quarter ended September 2017, from Rs 76.93 crore in the corresponding quarter the previous year.

Revenue during the quarter stood at Rs 813.72 crore, up 10.4 per cent from  Rs 737.12 crore during the same period a year ago.

The company's export sales for the half year ended September 2017 stood at Rs 561.87 crore, compared with Rs 506.07 crore in the comparable period a year ago.

The company's