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Sundram Fasteners: Global designs
Dec 24, 2003Sundram Fasteners Limited (SFL), one of the largest manufacturers in the fastener industry, recently acquired the precision forging business of Dana Spicer Europe for a total consideration of GBP 1.5 m (Rs 12 crores). The division is located at Northumberland UK and has been hived off as a new company called Cramlington Precision Forge Ltd (CPFL) and would be a fully owned subsidiary of SFL.
Sundram Fasteners: Exports stem slide
Aug 6, 2001Sundram Fasteners Ltd (SFL), a leading player in high tensile fastener industry has reported a 12% YoY drop in its net profit to Rs 84 m in 1QFY02. It is the sole supplier of radiator caps, as well as powder metal parts to General Motors, USA. The company's overall sales fell by 3.3% to Rs 1,073 m as a result of a 5.9% drop in domestic sales due to continuing slowdown in the automobile sector.
Sundram Fasteners net falls by 30% YoY
Jan 31, 2001Sundram Fastners, a leading player in high tensile fastener industry has reported a 30% drop in net profit to Rs 78.6 m for the 3QFY01.
Sundram Fasteners Ltd net drops by 27% YoY.
Nov 6, 2000Sundram 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.
Sundram Fastners net falls by 27%
Oct 30, 2000Sundram Fastners, a leading player in high tensile fastener industry has reported a 27% drop in net profit to Rs 96.1 m for the 2QFY01.
Sundram Fasteners : Globalisation is the key
Oct 6, 2000Sundram 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 Fasteners net rises 33%
Feb 5, 2000Sundaram Fasteners has posted net profit growth of 33.3%, while sales have increased 17.3%.The company's net profit margin has firmed up to 10.5% from 9.3% in 3QFY1999.
Sundaram Fasteners fastens onto Japan
Nov 20, 1999Auto ancillary major, Sundaram Fasteners Ltd. (SFL), has bagged export orders from the competitive Japanese market. This was reported by a leading financial daily.
Sundaram Fasteners net climbs 95%
Oct 26, 1999Sundaram Fasteners posted 94.8% appreciation in net profit to Rs 131 m. Sales jumped 40.1% to Rs 827 m. The company’s interest cost fell 22.6% to Rs 31 m
Sundaram Fasteners clocks 69% rise in net
Oct 23, 1999Sundaram Fasteners has recorded net profit of Rs 230 m (up 69% year on year) in 1HFY2000. This was reported by a leading financial newspaper.
Indian auto ancillaries down on quality
Sep 25, 1999The Association of Indian Automobile Manufacturers (AIAM) has given Indian auto ancillary units a thumbs down on quality consciousness. This was reported by a leading financial daily.
Sundaram Fasteners: In top gear
Aug 2, 1999Sundaram Fasteners Ltd. (SFL) has reported net sales of Rs 1 bn (up 30% YoY) and a net profit of Rs 102 mn (up 45% YoY) for the quarter ended 30th June 1999.
Sundram Fastener's acquires controlling stake
Jun 3, 1999With Sundram Fastener's additional 21% investment in Autolec Ind., Sundram's total investments in that company is now in excess of 51%, giving it controlling stake, even while allowing current promoters to remain at the helm of affairs.
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