Sundram Fasteners Limited Reports Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 30, 2018 at 02:13 am EST
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Sundram Fasteners Limited reported standalone unaudited earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported revenue from operations of INR 8,481.3 million against INR 7,616.3 million for the same period previous year. Profit before exceptional items and tax was INR 1,266.2 million against INR 1,026.4 million for the same period of previous year. Profit before tax was INR 1,266.2 million against INR 1,026.4 million for the same period of previous year. Profit for the period was INR 916.6 million or INR 4.36 per basic and diluted share compared to INR 753.4 million or INR 3.56 per basic and diluted share for the same period of previous year.
For the nine months, the company reported revenue from operations of INR 25,035.9 million against INR 23,235.1 million for the same period previous year. Profit before exceptional items and tax was INR 3,740.2 million against INR 3,086.9 million for the same period of previous year. Profit before tax was INR 3,740.2 million against INR 3,086.9 million for the same period of previous year. Profit for the period was INR 2,722.6 million or INR 12.96 per basic and diluted share compared to INR 2,278.2 million or INR 3.56 per basic and diluted share for the same period of previous year.
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. Its 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, and aerospace and aviation fasteners. 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, crankshaft sprockets, and others.
SUNDRAM FASTENERS LIMITED 
