Sundram Fasteners Limited reports highest ever Turnover & PBT for the quarter ended June 30, 2024
The Company reports its highest ever revenue from operations at 
1,310.33 crores for the quarter ended June 30, 2024, compared to 1,216.95 crores during the same period in the previous year, registering a growth of 7.7% led by strong export performance.
1,310.33 crores for the quarter ended June 30, 2024, compared to 1,216.95 crores during the same period in the previous year, registering a growth of 7.7% led by strong export performance.
The domestic sales for the quarter ended June 30, 2024, were at 855.75 crores as against 823.94 crores during the previous year.
855.75 crores as against 823.94 crores during the previous year.
The export sales for the quarter ended June 30, 2024, were at 422.65 crores as against 347.99 crores during the previous year, registering a growth of 21.5%.
422.65 crores as against 347.99 crores during the previous year, registering a growth of 21.5%.
The earnings before interest, depreciation and taxes (EBITDA) for the quarter ended June 30, 2024, was at 223.06 crores as against 197.66 crores during the same period in the previous year. The Company has reported its EBITDA margin at 17.0%. The gross margin improved from 55.9% to 57.5% with the support of robust export performance, stable commodity prices and favourable product mix.
223.06 crores as against 197.66 crores during the same period in the previous year. The Company has reported its EBITDA margin at 17.0%. The gross margin improved from 55.9% to 57.5% with the support of robust export performance, stable commodity prices and favourable product mix.
The finance cost for the quarter ended June 30, 2024, after accounting for exchange differences, was at 3.52 crores, as against 5.89 crores for the corresponding quarter in the previous year.
3.52 crores, as against 5.89 crores for the corresponding quarter in the previous year.
With the improvement in operations, the Company also reports the highest ever Profit before Tax (PBT) for the quarter ended June 30, 2024, at 177.19 crores compared to 150.86 crores for the corresponding quarter registering an impressive growth of 17.4%.
177.19 crores compared to 150.86 crores for the corresponding quarter registering an impressive growth of 17.4%.
The net profit for the quarter ended June 30, 2024, was at 131.64 crores as against 112.78 crores registering a growth of 16.7%.
131.64 crores as against 112.78 crores registering a growth of 16.7%.
Earnings per share for the quarter ended June 30, 2024 amounted to 6.26.
6.26.
Consolidated Financials
The Company’s consolidated revenue from operations posted for the quarter ended June 30, 2024, was its highest ever at 1,497.67 crores compared to 1,410.76 Crores during the same period in the previous year, registering a growth of 6.2%.
1,497.67 crores compared to 1,410.76 Crores during the same period in the previous year, registering a growth of 6.2%.
The consolidated net profit for the quarter ended June 30, 2024, was at 142.69 crores as against 128.74 crores for the same period in the previous year registering a growth of 10.8%.
142.69 crores as against 128.74 crores for the same period in the previous year registering a growth of 10.8%.
The consolidated earnings per share (EPS) for the quarter ended June 30, 2024 amounted to 6.75.
6.75.
Capital expenditure
The Company has incurred capital expenditure of 148.37 crores for the quarter ended June 30, 2024, in line with its planned capital expenditure for the financial year 2024-25.
148.37 crores for the quarter ended June 30, 2024, in line with its planned capital expenditure for the financial year 2024-25. 
