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Sundram Fasteners Ltd Q1FY24; 7% fall in Profits

Sundaram fasteners ltd, a part of the TVS Group of Companies, is engaged in manufacturing critical, high precision components such as fasteners, power train components etc for the automotive, infrastructure, windmill, and aviation sectors.

Financial Results:

Sundram Fasteners Ltd reported Revenues for Q1FY24 of ₹1,411.00 Crores up from ₹1,410.00 Crore year on year, a rise of 0.07%.

Total Expenses for Q1FY24 of ₹1,246.00 Crores up from ₹1,243.00 Crores year on year, a rise of 0.24%.

Consolidated Net Profit of ₹129.00 Crores down 6.52% from ₹138.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹6.07, down 6.18% from ₹6.47 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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