A view of Sundram Fasteners’ radiator cap plant.
| Photo Credit: SUPPLIED PIC
Sundram Fasteners Ltd. (SFL) standalone net revenue for the second quarter rose by 5% over the yr ancient times to ₹118 crore (from ₹112 crore), in accordance a press release launched by the corporate.
Revenue from operations was up ₹16 crore to ₹1,234 crore. Domestic gross sales stood at ₹862 crore in opposition to ₹802 crore and export gross sales contracted to ₹337 crore from ₹378 crore.
Total expenditure elevated marginally by ₹5 crore to ₹1,081 crore, of which price of uncooked materials accounted for ₹577 crore (₹582 crore). SFL has a powerful stability sheet with an all-time low debt-equity ratio of 0.11.
The firm incurred capital expenditure for the half yr ended consistent with its deliberate capital expenditure of ₹300 crore for FY24. In maintaining with the massive EV orders secured by the corporate, capital allocation and growth of merchandise are additionally in accordance with the timelines deliberate by the corporate.
The board declared an interim dividend of ₹2.68 per share and it is going to be paid by November 16.
