Sundram Fasteners Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 03, 2023 at 11:43 am EDT
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Sundram Fasteners Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 14,218.2 million compared to INR 14,016.5 million a year ago. Revenue was INR 14,291.2 million compared to INR 14,113.7 million a year ago. Net income was INR 1,318.7 million compared to INR 1,152.9 million a year ago. Basic earnings per share from continuing operations was INR 6.28 compared to INR 5.49 a year ago. Diluted earnings per share from continuing operations was INR 6.28 compared to INR 5.49 a year ago.
For the six months, sales was INR 28,325.8 million compared to INR 28,117.7 million a year ago. Revenue was INR 28,443.9 million compared to INR 28,330.7 million a year ago. Net income was INR 2,594.7 million compared to INR 2,513.1 million a year ago. Basic earnings per share from continuing operations was INR 12.35 compared to INR 11.96 a year ago. Diluted earnings per share from continuing operations was INR 12.35 compared to INR 11.96 a year ago.
Sundram Fasteners Limited is an India-based company. The Company is engaged in the manufacture and sale of bolts and nuts, water and oil pumps, sintered products, cold extruded components, hot and warm forged parts, radiator caps and other parts, which have applications primarily in the automobile industry. The Company's product range includes high-tensile fasteners, powder metallurgy, cold extruded parts, hot forged, powertrain components, pumps and assemblies, iron powder, and radiator caps. Its high tensile fasteners product range includes wind energy fasteners and automotive fasteners, among others. Its cold extrusion product range includes gear blanks, transmission shafts, starter sleeves and pinions and fan hubs, among others. Its hot forged parts include connecting rods, crankshaft sprockets and stainless-steel turbocharger parts, among others. Its power train components include turbine shafts, output shafts and clutch hub, among others.
SUNDRAM FASTENERS LIMITED 
