Sundram Fasteners Ltd share Price

Q3FY23 Quarterly Result Announced for Sundram Fasteners Ltd.

Auto parts & equipment firm Sundram Fasteners announced Q3FY23 results:

• Standalone Q3FY23:
  • The revenue from operations was at Rs 1,226.87 crore for Q3FY23 as against Rs 1,024.25 crore during the same period in the previous year, registering a growth of 19.8%.
  • The domestic sales for Q3FY23 were at Rs 813.38 crore as against Rs 658.37 crore during the previous year, posting a robust growth of 23.5%.
  • The export sales for Q3FY23 were at Rs 364.64 crore as against Rs 335.95 crore, posting an increase of 8.5%.
  • The company has sustained earnings before interest, depreciation and taxes (EBITDA) for Q3FY23 at Rs 188.19 crore as against Rs 180.04 crore during the same period in the previous year.
  • The Profit before Tax (PBT) for Q3FY23 was at Rs 142.05 crore as against Rs 138.48 crore during the same period in the previous year. The net profit for Q3FY23 was Rs 106.13 crore as against a net profit of Rs 103.34 crore during the same period in the previous year.
  • Earnings per share for Q3FY23 amounted to Rs 5.05 and was Rs 4.91 in the corresponding period last year.
• Consolidated Q3FY23:
  • The company's revenue from operations posted for Q3FY23, was at Rs 1,403.03 crore as against Rs 1,207.53 crore during the same period in the previous year, an increase of 16.2%.
  • The net profit for Q3FY23, was at Rs 118.07 crore as against a net profit of Rs 110.00 crore during the same period in the previous year.
  • The earnings per share (EPS) for Q3FY23, amounted to Rs 5.57 and was Rs 5.15 in the corresponding period last year.
• Standalone 9MFY23:
  • The revenue from operations was at Rs 3,684.70 crore for 9MFY23, as against Rs 3,026.13 crore during the same period in the previous year, a significant increase of 21.8% supported by an increase in demand from the major OEMs.
  • The net profit for 9MFY23 was Rs 347.99 crore as against a net profit of Rs 336.05 crore during the same period in the previous year.
• Consolidated 9MFY23:
  • The company's revenue from operations posted for 9MFY23 was at Rs 4,214.80 crore as against Rs 3,562.22 crore during the same period in the previous year, recording a growth of 18.3% augmented by an uptick in demand from global customers.
  • The net profit for 9MFY23 was at Rs 372.88 crore as against net profit of Rs 354.40 crore during the same period in the previous year.

Commenting on the results, Ms. Arathi Krishna, Managing Director, Sundram Fasteners Limited said, "We have progressed well despite the ongoing macroeconomic challenges. We thank our employees, suppliers and customers for the continued trust and will strive to deliver continued performance."

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