Sundram Fasteners Ltd posted consolidated profits of Rs 143.84 crore for the second quarter ending September 30, 2024, up from Rs 133.05 crore in the same period last year. For the first half of the financial year ending September 30, 2024, the company reported profits of Rs 286.53 crore, an increase from Rs 261.79 crore a year ago, according to the company’s statement.
Consolidated total income for Q2 rose to Rs 1,499.07 crore, up from Rs 1,429.12 crore in the same quarter last year. For the half-year ending September 30, 2024, consolidated income reached Rs 3,001.92 crore, compared to Rs 2,844.39 crore a year prior.
The company invested Rs 238.25 crore in capital expenditure during the six-month period, part of a planned Rs 400 crore investment for the year. These funds will support expansion in the electric and hybrid vehicle segments, the company stated.
Domestic sales for the half-year period stood at Rs 1,716.72 crore, up from Rs 1,682.61 crore last year, while exports reached Rs 811.68 crore, up from Rs 685 crore in the previous year. The Board also declared an interim dividend of Rs 3 per share (300 percent) for the financial year 2024-25.
Sundram Fasteners Limited, founded in 1962 and based in Chennai, India, is a leading manufacturer of precision-engineered fasteners and components. The company caters to a diverse range of industries including automotive, infrastructure, wind energy, aerospace, and industrial machinery, both within India and globally across markets like the United States, China, and Europe.
Sundram’s product portfolio spans high-tensile fasteners, powertrain components, pumps, assemblies, and powder metallurgy parts, emphasizing reliability and performance to meet stringent industry standards.
Known for its innovation and quality, Sundram supplies major OEMs and aftermarket clients, building a reputation as a preferred supplier in the automotive sector through robust engineering solutions. Additionally, the company actively incorporates sustainable practices, generating energy from non-conventional sources to reduce its environmental footprint.
