Sundaram-Clayton Ltd. (SCL) consolidated net loss for the quarter ended March lowered to ₹47 crore from ₹63 crore sequentially.
Revenue from operations slid by ₹9 crore to ₹555 crore, whereas supplies prices rose by ₹32 crore to ₹322 crore.
As per the association authorized by NCLT Chennai Bench, TVS Holdings Ltd.’s manufacturing enterprise together with belongings and liabilities was de-merged, transferred and vested into SCL from August 11, 2023. Hence outcomes for March 2024 begins August 11, 2023.
During the quarter, the corporate invested ₹41.53 crore in its abroad subsidiary Sundaram Holding USA Inc.
It additionally declared an interim dividend of ₹5.15 per share.
