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MICO: Profits plummet

Oct 29, 2001

The slowdown in the economy and sluggish auto volumes have had a significant impact on the third quarter results of Motor Industries Company (MICO). While sales have dropped by 11% for 3QFY02, profits have plummeted by 41% on account of a sharp fall in operating margins.

Motor Industries net declines 52% YoY

Apr 30, 2001

Motor Industries Company Ltd (MICO),sales grew by 6% YoY in 1QFY02 to Rs 4,363 m. However, as the operating expenditure grew by 6.2% YoY during this period the company's operating margins dipped to 15.5% in 1QFY02.

Sundaram Clayton FY01 net dips 21% YoY

Apr 19, 2001

Sundaram Clayton, a leading manufacturer of hyrdaulic brake actuator systems and castings has reported a 20% decline in its net for FY01 to Rs 182 m. The company's sales have grown by only 4% during the year.

Bharat Forge net drops 79% YoY

Jan 15, 2001

The company's sales declined by 17.3% in the 3QFY01, due to the slowdown in the automobile sector. Though the company has tried to control its expenses, its operating margins have declined to 23% in the 3QFY01. This is also a decline as compared to its operating margins of 27.8% in 2QFY01.

Sundaram Clayton net drops by 71.3%

Nov 6, 2000

Sundaram Clayton, a leading manufacturer of hyrdaulic brake actuator systems and castings has reported a 71% decline in its net for the 2QFY01E to Rs 13 m. The company's sales have fallen by 2.5% YoY during this period.

Sundram Fasteners Ltd net drops by 27% YoY.

Nov 6, 2000

Sundram Fasteners, a leading manufacturer and exporter of high tensile fastners, reported a 27% decline in its 2QFY01 net profit. The company sales fell by 14% YoY. The domestic sales fell by 21% YoY during this period due to the overall slowdown in the automobile industry, however its exports went up sharply by 29% YoY.

Motor Industries Company Ltd net down 22%

Nov 6, 2000

The company's sales have grown by 9% YoY in the 2QFY01 to Rs 4,163 m. However, as the operating expenditure grew by 12.3% YoY during this period the company's operating margins have declined to 16.7% in the 2QFY01.

Bharat Forge net drops 26.3% YoY

Oct 18, 2000

The company's sales declined by 9.5% in the 2QFY01, due to the slowdown in the automobile sector. As the company managed to control costs, its opertaing margins improved from 23.7% in 2QFY00 to 27.8% in 2QFY01.

Sundram Fasteners : Globalisation is the key

Oct 6, 2000

Sundram Fasteners Ltd (SFL), a professionally managed company has for the fourth consecutive year won the "GM supplier of the Year" award in FY2000. The prospects for the automobile ancillary industry are dull in the current year as demand has slackened in almost all automobile segments. Hence though the short term prospects for the company do not seem to be attractive, SFL has many positives to come out a winner in the long term.

Sundaram-Clayton Ltd net rises 188% on the back of other income

Aug 2, 2000

Sundaram Clayton's net sales went up by 18.2% YoY to Rs 569 m in the 1QFY01. SCL's presence in the auto ancillary segment is in two businesses namely hydraulic brake actuator systems and its foundry division. Its main clients are Telco and Ashok Leyland.

Riding high on the automobile sector wave...

Apr 29, 2000

Financial Year 2000 was a good year for the automobile sector as sales picked up in all segments except for scooters which saw a decline in sales. This in turn benefited auto ancillary players like Sundaram Clayton (SC). SC which depends on commercial vehicle sales growth, saw a robust growth in its bottomline in financial year 2000 as a result of this pick up. SCL's presence in the auto ancillary segment is in two businesses namely hydraulic brake ac

Sundaram-Clayton posts a 44% growth in net

Apr 21, 2000

Sundaram Clayton (SCL) has reported a net sales of Rs 2,317 m for FY2000 which is a growth of 45% YoY, while its operating expenses grew by 41% YoY during this period. As a result the operating profits of the company have jumped up 81% YoY to Rs 247 m in FY2000, as compared to Rs 137 m reported in FY99.

Sundaram Clayton net up 43%

Jan 27, 2000

Sundaram Clayton has posted a rise of 52.2% in sales to Rs 646.3 m. Net profit jumped 43.0% to Rs 92.7 m. However, the company's net profit margin declined from 14.3% to 15.3%.

Sundaram Fasteners fastens onto Japan

Nov 20, 1999

Auto ancillary major, Sundaram Fasteners Ltd. (SFL), has bagged export orders from the competitive Japanese market. This was reported by a leading financial daily.


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