TVS Motor Company to provide free COVID-19 vaccination to all employees and their immediate family members
Sundaram-Clayton reported a consolidated net profit of Rs 167.16 crore in Q4 FY21, steeply higher than net profit of Rs 9.21 crore in Q4 FY20.
Net sales increased by 48.3% year-on-year (YoY) to Rs 6439.57 crore during the quarter.
Profit before tax was at Rs 446.71 crore in Q4 March 2021, up 442.10% compared with Rs 82.40 crore in Q4 March 2020.
The company's consolidated net profit declined 4% to Rs 323.68 crore on 2.2% rise in net sales to Rs 20298.73 crore in the year ended 31 March 2021 over the year ended 31 March 2020.
Sundaram-Clayton, a TVS Group company, is a leading manufacturer of machined aluminum die-castings, producing over 50,000 tonnes of castings for the passenger car, commercial vehicle and two-wheeler industries in India and globally.
The scrip fell 1.10% to currently trade at Rs 3185.30 on the BSE.
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