Sundram Fasteners reports highest ever consolidated net profit at Rs 143.84 crore in Q2

Revenue from operations was at Rs 1,288.84 crore for the quarter ended  September 30, 2024 compared to Rs 1,231.97 crore during the same period in the previous year.

Autocar Professional BureauBy Autocar Professional Bureau calendar 05 Nov 2024 Views icon3205 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Sundram Fasteners reports highest ever consolidated net profit at Rs 143.84 crore in Q2

Sundram Fasteners Limited (SFL’s) consolidated net profit for the quarter ended September 30, 2024 stood at  Rs 143.84 crore as compared to Rs 133.05 crore during the previous year.

The company’s consolidated revenue from operations posted for the quarter ended September 30, 2024 was at Rs 1,486.04 crore as compared to Rs 1,421.82 crore during the same period in the previous year.

Its standalone net profit for the quarter ended September 30, 2024 was at Rs 130.64 crore as compared to Rs 118.26 crore during the previous year, reporting an increase of 10.5 per cent.

Revenue from operations was at Rs 1,288.84 crore for the quarter ended  September 30, 2024 compared to Rs 1,231.97 crore during the same period in the previous year.

Domestic sales of the company for the quarter ended September 30, 2024 were at Rs 860.97 crore compared to Rs 859.37 crore during the previous year.

Export sales for the quarter ended September 30, 2024 were at Rs 389.02 crore compared to Rs 337.00 crore during the previous year, registering a growth of 15.4%.

The earnings before interest, depreciation and taxes (EBITDA) for the quarter ended September 30, 2024 was at Rs 225.15 crore compared to Rs 205.69 crore during the same period in the previous year. The export led growth and stable commodity prices have contributed to the expansion of EBITDA margins from 16.6% to 17.3%.

The Profit before Tax (PBT) for the quarter ended September 30, 2024 was at  Rs 175.70 crore compared to Rs 158.34 crore during the previous year, registering an increase of 11.0%.

Earnings per share for the quarter ended September 30, 2024 amounted to Rs 6.22 and was Rs 5.63 in the corresponding period last year.

In a statement the company said that it has incurred Rs 238.25 crore as capital expenditure for the half-year ended September 30, 2024, in line with its planned capital expenditure of Rs 400 crore for 2024-25. These investments will help us scale in non-auto, EV, hybrid and adjacent spaces.

The Board at its meeting held today declared an interim dividend of Rs 3 per share (300%) for the financial year 2024-2025.

 

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