Sundram Fasteners Q3 profit jumps 22% to Rs 92 crore

Sundram Fasteners, part of the $7.2 bn TVS group, today announced its Q3 results. The net profit(standalone ) was at Rs.91.66 crores, an increase of 22 per cent for during the quarter ended December 2017, and for the nine months ended at Rs.272.26 crores, as against Rs.227.82 crores during the same period in the previous year, an increase of 19.5 per cent.

The company recorded revenue from operations (net of excise duty) for the quarter ended 31st December 2017 Rs.848.13 crores as against Rs.707.23 crores during the same period in the previous year, achieved an increase of 19.9 per cent. and for the nine months ended 31st December 2017 Rs.2,450.67 crores as against Rs.2,155.32 crores during the same period in the previous year, an increase of 13.7 per cent.

The export sales for the nine months ended 31st December 2017 was at Rs.842.56 crores (Last year same period Rs.766.57 crores), an increase of 9.9 per cent.


The Domestic sales, net of excise duties for the nine months ended 31st December 2017 was at Rs.1,536.62 crores (Last year same period Rs.1,352.86 crores), an increase of 13.6 per cent.