Sundram Fasteners Ltd. reported fourth-quarter consolidated internet revenue for the interval ended March 31, 2024 rose 5.5% to ₹134.41 crore as in contrast with ₹127.47 crore within the year-earlier interval.
Total income through the quarter marginally grew to ₹1,477.70 crore, as in contrast with ₹1,451.46 crore in the identical interval of final 12 months. For FY24, the corporate’s internet revenue rose to ₹525.64 crore, as in contrast with ₹500.35 crore within the earlier 12 months, up 5%.
For the 12 months consolidated income was barely larger at ₹5,720.47 crore as in opposition to ₹5,707.60 crore within the earlier 12 months. The Board declared a second interim dividend of ₹4.17 per share, which along with the primary interim dividend of ₹2.68 per share declared and paid in November 2023, would quantity to a complete dividend of ₹6.85 per share for FY24.
In FY24, the corporate had incurred ₹343.45 crore in the direction of capital expenditure as a part of the capability growth of current traces of enterprise and new tasks.
“These investments will significantly enhance the company’s capability to meet customer demands in various segments such as electric vehicles, ICE vehicles. The company has financed the entire capital expenditure programmes out of internal accruals without any incremental borrowings,” the corporate mentioned in a press release.
