Sundaram Fasteners

Sundram Fasteners posts record Q2 profit of ₹153 crore, raises dividend

Auto parts maker posts highest-ever quarterly profit and announces a 25% higher interim dividend amid strong performance in domestic and overseas markets

HDFC MF buys ₹137 crore stake in Sundram Fasteners via open market deal

HDFC Mutual Fund on Friday bought shares of auto components supplier Sundram Fasteners for Rs 137 crore through an open market transaction. According to the bulk deal data on the BSE, HDFC Mutual Fund purchased 13.70 lakh shares or 0.65 per cent stake in Sundram Fasteners, at an average price of Rs 1,000 apiece. This took the deal value to Rs 137.02 crore. After the stake buy, HDFC Mutual Fund's holding in Chennai-based Sundaram Fasteners rose to 5.02 per cent from 4.37 per cent. Details of the sellers of Sundaram Fasteners shares could not be ascertained on the exchange. Shares of Sundaram Fasteners went marginally lower to close at Rs 999.25 per piece on the BSE. In a separate bulk deal on the NSE, Singapore-based Cube Mobility Investments offloaded 79.25 lakh units or 0.59 per cent unitholding in Cube Highways Trust for Rs 101 crore through an open market transaction. As per the data, these units were disposed of at an average price of Rs 127.50 per unit, taking the deal valu

Sundram Fasteners Q4 results: Net profit up 5%, total revenue rises 2%

The consolidated earnings per share (EPS) for the quarter ended March 31, 2024, amounted to Rs 6.36, compared to Rs 6.01 in the corresponding period last year

Auto-component maker Sundram Fasteners' Q3 net profits at Rs 116.19 cr

Auto-component maker Sundram Fasteners Ltd has reported a standalone net profit of Rs 116.19 crore, for the October-December 2023 quarter, the company said. The company had registered a standalone net profit of Rs 106.13 crore, during the corresponding quarter of last year. Net profits on a standalone basis for the nine-month period ending December 31, 2023 stood at Rs 346.65 crore as against Rs 347.99 crore registered year ago. The standalone total income during the quarter under review was Rs 1,204.92 crore, as against Rs 1,236.18 crore registered in the same period of last year. Total standalone income for the nine month period ending December 31, 2023 slipped to Rs 3,661.50 crore, from Rs 3,708.25 crore registered in the same period of last year. In a statement, the company said the revenue from operations was Rs 1,180.62 crore, for the quarter ending December 31, 2023 as against Rs 1,226.87 crore during the same period in the previous year. Domestic sales during the quarter

Auto parts firm Sundram Fasteners Q3 profit rises 10% to Rs 118.07 cr

Company plans capex of Rs 300 cr in FY24, has got orders to serve large electric vehicles

Hero Moto, SpiceJet, AEL, TVS Motor among top 10 stocks to watch on Friday

Stocks to watch on May 05, 2023: Adani Power, Bharat Forge, Blue Dart, Britannia, Equitas SFB, Federal Bank, Marico and Paytm on investors radar ahead of Q4 earnigns today.

Easing commodity prices, supply snags to lift auto ancillary stks: Analysts

Thus far in 2022, key raw materials used in automobile manufacturing like steel, iron ore, aluminum, nickel, and rubber have dropped in the range of 16 per cent to 45 per cent.

Sensex falls 111 pts, Nifty holds 15,750; RIL sinks 7%, MRPL 10%

Benchmark indices swung wildly in trade on Friday after the government's move to tax oil refiners' windfall gain amid soaring crude oil prices hurt index heavyweight Reliance Industries' stock

R Gopalan to replace Venu Srinivasan as Sundaram-Clayton chairman in April

Srinivasan will continue to be the Managing Director of the company post April, and will be designated as Chairman Emeritus

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

Senior TVS family members to file composite amalgamation scheme with NCLT

Group has over 50 firms managed by various branches of the TVS family tree. With time, the members felt ownership of shares in various enterprises should be in sync with their management

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 Q1 net loss at Rs 25.43 cr, income dips to Rs 381.80 cr

The consolidated total income for the quarter ending June 30, 2020 stood at Rs 381.80 crore as against Rs 1,185.24 crore registered a year ago

General Motors selects Sundaram Fasteners as best supplier for 2019

GM recognised 116 of its best suppliers from 15 countries that have consistently exceeded GM's expectations, created outstanding value or introduced innovations to the company

Sundaram Fasteners sets up new SEZ unit in Andhra, invests Rs 100 cr

The new unit will provide further impetus to the company's export thrust through addition of products to its portfolio as well as diversifying its export customer base

Sundaram Fasteners to go ahead with capex plan despite auto sector downturn

Manufacturing sector veteran and Sundram Fasteners chairman Suresh Krishna said that the company is not shying away from investments since it wants to be ready when economy and auto sector bounce back

We are on a good wicket; have home-grown advantage: MD, Sundram Fasteners

The new MD and JMD of Sundram Fasteners speak on how the company is placed to grow and face the challenges in the future