10.8 C
United States of America
Thursday, April 18, 2024

Sundram Fasteners Q2 outcomes: Internet revenue rises 14% rise to Rs 133 crore Categorical Occasions

Must read

Arathi Krishna, Managing Director, Sundram Fasteners

Auto part main Sundram Fasteners (SFL) has posted a 14 per cent rise in consolidated web revenue for the second quarter ended September 30, 2023, to Rs 133.05 crore, as towards Rs 116.78 crore throughout the earlier yr.

The Firm’s consolidated income from operations for the quarter ended September 30, 2023, was at Rs 1,421.82 crore, up 1.4 per cent, as towards Rs 1,401.65 crore throughout the identical interval within the earlier yr. The consolidated earnings per share (EPS) for the quarter amounted to Rs 6.28, in comparison with Rs 5.49 within the corresponding interval final yr.

The Board at its assembly has declared an interim dividend of Rs 2.68 per share (268 per cent) for the monetary yr 2023-2024. The identical can be paid to the members/helpful homeowners, whose names seem within the register of members/register of helpful homeowners maintained by the Depositories as on November 16, 2023.

The Firm has incurred capital expenditure for the half-year ended September 30, 2023, in keeping with its deliberate capital expenditure of Rs 300 crore for the monetary yr 2023-24. In line with the massive electrical car (EV) orders secured by the Firm, capital allocation and growth of merchandise are in accordance with the timelines deliberate by the Firm.

First Printed: Nov 5 2023 | 3:25 PM IST

- Advertisement -spot_img

More articles


Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article