Sundram Fasteners Limited has reported its highest ever revenue from operations at Rs 1,310.33 crore for the quarter ended June 30, 2024, compared to Rs 1,216.95 crore during the same period in the previous year, registering a growth of 7.7 percent led by strong exports.
The company’s domestic sales for the quarter ended June 30, 2024, were at Rs 855.75 crore as against Rs 823.94 crores during the previous year.
Export sales for the quarter ended June 30, 2024, were at Rs 422.65 crores as against Rs 347.99 crores during the previous year, registering a growth of 21.5 percent.
Ms. Arathi Krishna, Managing Director, Sundram Fasteners Ltd. said, “We have commenced the FY 25 fiscal year with strong numbers and are pleased to report highest ever revenue from operations and Profit before tax, demonstrating the resilience of our business model and the strong demand for our products. As we continue to invest in our capabilities, we remain committed to delivering value to our stakeholders and driving sustainable growth for Sundram Fasteners.
The earnings before interest, depreciation and taxes (EBITDA) for the quarter ended June 30, 2024, was at Rs 223.06 crores as against Rs 197.66 crores during the same period in the previous year.
The company has reported its EBITDA margin at 17 percent. The gross margin improved from 55.9 percent to 57.5 percent with the support of robust export performance, stable commodity prices and favorable product mix.
With the improvement in operations, the company also reports the highest ever Profit before Tax (PBT) for the quarter ended June 30, 2024, at Rs 177.19 crore compared to Rs 150.86 crore for the corresponding quarter, registering 17.4 percent growth.
The company has incurred capital expenditure of Rs 148.37 crore for the quarter ended June 30, 2024, in line with its planned capital expenditure for the financial year 2024-25.
The net profit for the quarter ended June 30, 2024, was at Rs 131.64 crores as against Rs 112.78 crores, registering a growth of 16.7 percent.
Earnings per share for the quarter ended June 30, 2024 amounted to Rs 6.26.
The company’s consolidated revenue from operations posted for the quarter ended June 30, 2024, was its highest ever at Rs 1,497.67 crores compared to Rs 1,410.76 crores during the same period in the previous year, registering a growth of 6.2 percent.
The consolidated net profit for the quarter ended June 30, 2024, was at Rs 142.69 crores as against Rs 128.74 crores for the same period in the previous year, registering a growth of 10.8 percent.
The consolidated earnings per share (EPS) for the quarter ended June 30, 2024 amounted to Rs 6.75.