Chennai: Auto element maker Sundram Fasteners Ltd has reported its easiest ever consolidated internet benefit at Rs 134.41 crore for the March 2024 quarter at the again of robust operational efficiency.The Chennai-based corporate had reported a consolidated internet benefit of Rs 127.47 crore all over the corresponding quarter ultimate yr. Internet benefit for the yr ended March 31, 2024 rose to Rs 525.64 crore as towards Rs 500.35 crore a yr in the past.
General income all over the quarter underneath evaluation grew to Rs 1,477.70 crore as towards Rs 1,451.46 crore in the similar length ultimate yr. For the yr finishing March 31, 2024, consolidated income remained solid at Rs 5,720.47 crore as towards Rs 5,707.60 crore in the similar length ultimate yr.
In a commentary on Friday, the corporate mentioned it has recorded its easiest ever benefit after tax, EBITDA, for the monetary yr finishing March 31, 2024. Income ahead of pastime, depreciation and taxes for the yr finishing March 31, 2024, stood at Rs 825.37 crore. Whilst Rs 797.18 crore was once registered within the earlier yr. “The corporate has advanced its EBITDA margin on income from operations to 16.8 in line with cent as towards 16.2 in line with cent because of steadiness in uncooked subject matter costs and advanced operational potency,” the commentary mentioned. All the way through the yr ended March 31, 2024, gross sales within the home marketplace stood at Rs 3,339.20 crore, whilst exports stood at Rs 1,409.43 crore because of beneficial buyer call for. All the way through the monetary yr ended March 31, 2024, the corporate spent Rs 343.45 crore for capital expenditure as a part of capability growth of present trade and new initiatives.
“Those investments will considerably strengthen the corporate’s skill to satisfy buyer calls for throughout quite a lot of segments electrical cars, ICE cars. The corporate has funded all the capital expenditure programmes from inner accruals with none incremental borrowings,” the commentary mentioned. The board of administrators has declared a 2d intervening time dividend of Rs 4.17 in line with percentage (417 in line with cent), which together with the primary intervening time dividend of Rs 2.68 in line with percentage declared and paid in November 2023, will take the entire dividend to Rs 6.85 in line with percentage (685 in line with cent) for the monetary yr 2023-24.
