Sundram Fasteners net falls by 30% YoY - Views on News from Equitymaster

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Sundram Fasteners net falls by 30% YoY

Jan 31, 2001

Sundram 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.

(Rs m) 3QFY00 3QFY01 Change
Sales 1,059.6 1,079.8 2%
Other income 5.3 1.7  
Expenditure 869.7 903.3 4%
Operating Profit (EBDIT) 189.9 176.5 -7%
Operating Profit Margin (%) 17.9% 16.3%  
Interest 38.4 47.5 24%
Depreciation 27.7 30.1 9%
Profit before tax/Loss 129.1 100.6  
Tax 17.5 22.0 26%
Profit after Tax/(Loss) 111.6 78.6 -30%
Net profit margin (%) 10.5% 7.3%  
No. of Shares (eoy) (m) 10.22 10.22  
Diluted number of shares 10.22 10.22  
Diluted Earnings per share* 43.7 30.8  
*(annualised)      

The company's total sales grew by 2% YoY to Rs 1,080 m. This was driven by a domestic sales growth of 3.5% to Rs 910 m, while exports declined by 5.8% to Rs 169 m. This is a reversal as compared to its 2QFY01 figures wherein domestic sales declined by 21% to Rs 782 m, while exports rose by a robust 29% YoY to Rs 216.8 m.

It is the sole supplier of raidiator caps, as well as powder metal parts to General Motors, USA

The company's operating margins declined from 17.9% in 3QFY00 to 16.3% in 3QFY01 due to the slowdown in the automobile industry as higher price realisations have become difficult.

On the current price of Rs 305 it is trading at 7.3x FY00 EPS of Rs 41.7.

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SUNDRAM FASTENERS Announces Quarterly Results (4QFY20); Net Profit Down 57.3% (Quarterly Result Update)

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For the quarter ended March 2020, SUNDRAM FASTENERS has posted a net profit of Rs 468 m (down 57.3% YoY). Sales on the other hand came in at Rs 7 bn (down 30.4% YoY). Read on for a complete analysis of SUNDRAM FASTENERS's quarterly results.

SUNDRAM FASTENERS Announces Quarterly Results (2QFY20); Net Profit Down 35.5% (Quarterly Result Update)

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