Sundram Fasteners Q2 net up 45% to Rs 104 cr on better cost control

Revenue from operations during the quarter was flat at Rs 889 cr; China operations back to normal

Sundram Fasteners Limited's consolidated net profit for the quarter ended September 30, 2020 was up 45.3 per cent, at Rs 103.64 crore, from Rs 71.33 crore during the same period the previous year.   

Revenue from operations during the quarter was flat at Rs 889.33 crore (Rs 889.18 crore a year ago).

The Company proposes to de-risk its business model and shelter itself against the cyclical nature of the auto industry, by strengthening aerospace defence and plastic.

Arathi Krishna, managing director of the company, said things are improving month after month and that almost all the segments of the auto