Sundram 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.
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit after Tax/(Loss)
Net profit margin (%)
No. of Shares (eoy) (m)
Diluted number of shares
Diluted Earnings per share*
The company's total sales dropped by 14% YoY to Rs 998.6m. However as compared to domestic sales which declined by 21% to Rs 782 m, the company's exports rose by 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 29.8% in the 2QFY00 to 27.7% in the 2QFY01 due to the slowdown in demand in the automobile industry.
On the current price of Rs 356 it is trading at 8.5x FY00 EPS of Rs 41.7.
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