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Sundaram Brake Linings Ltd Q1FY24; 5% rise in Revenue

Sundaram Brake Linings Ltd manufactures asbestos-free friction materials like brake linings, disc pads, etc for commercial vehicles, passenger cars, tractors, railways, and two-wheelers. It is a part of the TVS group with a 65.5% stake in the company

Financial Results:

Sundaram Brake Linings Ltd reported Revenues for Q1FY24 of ₹93.17 Crores up from ₹89.00 Crore year on year, a rise of 4.69%.

Total Expenses for Q1FY24 of ₹89.44 Crores down from ₹91.55 Crores year on year, a fall of 2.3%.

Consolidated Net Profit of ₹3.50 Crores from -₹0.44 Crores in the same quarter of the previous year.

The Earnings per Share is ₹8.90, from -₹1.12 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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