“The revenue from operations was at ₹1,288.84 crore for the quarter ended September 30, 2024 compared to ₹1,231.97 crore during the same period in the previous year.”
The Board of Directors of Sundram Fasteners Limited has announced the unaudited Financial Results for the quarter and half-year ended September 30, 2024.
Highlights: Quarter ended September 30, 2024: FY 2024-2025
Standalone Financials
The revenue from operations was at ₹1,288.84 crore for the quarter ended September 30, 2024 compared to ₹1,231.97 crore during the same period in the previous year.
The domestic sales for the quarter ended September 30, 2024 were at ₹860.97 crore compared to ₹859.37 crore during the previous year.
The export sales for the quarter ended September 30, 2024 were at ₹389.02 crore compared to ₹337.00 crore during the previous year, registering a growth of 15.4%.
The earnings before interest, depreciation and taxes (EBITDA) for the quarter ended September 30, 2024 was at ₹225.15 crore compared to ₹205.69 crore during the same period in the previous year. The export led growth and stable commodity prices have contributed to the expansion of EBITDA margins from 16.6% to 17.3%.
The Profit before Tax (PBT) for the quarter ended September 30, 2024 was at ₹175.70 crore compared to ₹158.34 crore during the previous year, registering an increase of 11.0%.
The net profit for the quarter ended September 30, 2024 was at ₹130.64 crore compared to ₹118.26 crore during the previous year, reporting an increase of 10.5%.
Earnings per share for the quarter ended September 30, 2024 amounted to ₹6.22 and was ₹5.63 in the corresponding period last year.
Capital expenditure
The Company has incurred ₹238.25 crore as capital expenditure for the half-year ended September 30, 2024, in line with its planned capital expenditure of ₹400 crore for the financial year 2024-25. These investments will help us scale in non-auto, EV, hybrid and adjacent spaces.
Consolidated Financials
The Company’s consolidated revenue from operations posted for the quarter ended September 30, 2024 was at ₹1,486.04 crore compared to ₹1,421.82 crore during the same period in the previous year.
The consolidated net profit for the quarter ended September 30, 2024 was at ₹143.84 crore compared to ₹133.05 crore during the previous year.
The consolidated earnings per share (EPS) for the quarter ended September 30, 2024 amounted to ₹6.78 and was ₹6.28 in the corresponding period last year.
Highlights: Half-year ended September 30, 2024: FY 2024-2025
Standalone Financials
The revenue from operations was at ₹2,599.17 crore for the half-year ended September 30, 2024 compared to ₹2,448.92 crore during the same period in the previous year. The domestic sales for the half-year ended September 30, 2024 were at ₹1,716.72 crore compared to ₹1,682.61 crore during the previous year. The export sales for the half-year ended September 30, 2024 were at ₹811.68 crore compared to ₹685.00 crore during the previous year, registering a growth of 18.5%. The net profit for the half-year ended September 30, 2024 was at ₹262.28 crore compared to net profit of ₹231.04 crore during the same period in the previous year, registering an increase of 13.5%.
Consolidated Financials
The Company’s consolidated revenue from operations posted for the half-year ended September 30, 2024 was at ₹2,983.71 crores compared to ₹2,832.58 crores during the same period in the previous year. The consolidated net profit for the half-year ended September 30, 2024 was at ₹286.53 crores compared to net profit of ₹261.79 crores during the same period in the previous year.
Dividend
The Board at its meeting held declared an interim dividend of ₹3.00 per share (300%) for the financial year 2024-2025. The same will be paid to the members/beneficial owners, whose name appear in the register of members/register of beneficial owners maintained by the Depositories as on the Record Date i.e. 18 November 2024.
