SUNDRAM FASTENERS LTD. - 500403 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Compliance under Reg 47 of the SEBI (LODR) Regulations, 2015 - Newspaper Publication on unaudited financial results for the quarter ended June 30, 2021.
Sundram Fasteners posts Rs 113 cr net profit in Q1
The company's revenues from operations stood at Rs 938.81 crore in the reporting quarter as compared to Rs 276.73 crore in the same period a year ago, it said in a release Sundram Fasteners reports net profit of Rs 113 crore in Q1
Revenue from operations stood at Rs 934 crore, as against Rs 277 crore in the same period last fiscal Q1FY22 Result Announced for Sundram Fasteners Ltd.
Sundram Fasteners Limited's standalone Net Profit is at Rs 112.55 crores for the quarter ended June 30, 2021 Standalone Financials: The net profit for the Quarter ended June 30, 2021 was at Rs 112.55 crores as against net loss of Rs. (23.48) Crores during the same period in the previous year, despite facing the challenges caused by the pandemic. The revenue from operations was at Rs. 938.81 crores for the Quarter ended June 30, 2021 as against Rs. 276.73 crores during the same period in the previous year. The domestic sales for the quarter ended June 30, 2021 were at Rs 559.93 crores as against Rs. 132.85 crores during the previous year. The export sales for the quarter ended June 30, 2021 were at Rs 356.33 crores as against Rs. 135.02 crores during the same period in the previous year. The Company continues to post a robust growth in export sales. The EBITDA for the quarter ended June 30, 2021 was at Rs. 192.88 crores as against Rs. 12.99 crores. The Company has posted and sustained a higher EBITDA % on revenue from operations at 20.5%. This has been due to stringent cost control measures and strong operating performance. The finance cost for the quarter ended June 30, 2021, after accounting for exchange differences, was at Rs. 4.17 crores, as against Rs. 7.91 crores for the corresponding quarter in the previous year. The lower financial cost was due to sharp reduction in borrowings during the quarter attributable to the efficient working capital management and improved operating performance. The Profit before Tax (PBT) for the Quarter ended June 30, 2021 was at Rs. 151.13 crores as against Rs. (31.40) crores during the same period in the previous year. The Earnings per share for the Quarter ended June 30, 2021 amounted to Rs. 5.36 and was Rs. (1.12) in the corresponding period last year. Consolidated Financials The Company's Domestic and Overseas subsidiaries have registered an impressive performance during the quarter ended June 30, 2021. The Company's consolidated revenue from operations posted for the Quarter ended June 30, 2021 was at Rs 1,112.43 crores as against Rs 373.17 Crores during the same period in the previous year. The consolidated net profit for the Quarter ended June 30, 2021 was at Rs 120.49 crores as against net loss of Rs. (25.43) Crores during the same period in the previous year. The consolidated earnings per share (EPS) for the quarter ended June 30, 2021 amounted to Rs. 5.69 and was Rs. (1.27) in the corresponding period last year. Ms Arathi Krishna, Managing Director, Sundram Fasteners Limited, said, "Despite the challenges posed by the second wave of the pandemic during the first quarter of fiscal year 2022, we managed to deliver a strong operating performance by judiciously planning our manufacturing and at the same time ensuring the health and safety of our people." "The gradual opening up of the economy from the second quarter of FY 2021 helped create an upward trend in demand as OEMs ramped up their production levels, however the second wave of Covid-19 did cause pressure on the Indian automotive sector. This proved to be a challenge for several OEMs across the country, forcing them to cut production or suspend operations temporarily. Despite this, the cost and efficiency improvement measures enabled the Company to sustain its operating and net margins," Ms. Krishna added. Result PDF SUNDRAM FASTENERS LTD. - 500403 - Board Meeting Outcome for Un-Audited Financial Results For The Quarter Ended June 30, 2021
Un-audited Financial Results for the quarter ended June 30, 2021 SUNDRAM FASTENERS LTD. - 500403 - Un-Audited Financial Results For The Quarter Ended June 30, 2021
Un-audited Financial Results for the quarter ended June 30, 2021 Sundram Fasteners Ltd - 500403 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Investor Meet Intimation SUNDRAM FASTENERS LTD. - 500403 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Investor Meet - Intimation SUNDRAM FASTENERS LTD. - 500403 - Announcement under Regulation 30 (LODR)-Credit Rating
Intimation of re-affirmation of Credit Rating SUNDRAM FASTENERS LTD. - 500403 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Notice of Loss of Share Certificate