Latest news with #SundramFasteners
The Hindu
01-08-2025
- Business
- The Hindu
Sundram Fasteners Q1 standalone net up 5%, amid challenging export market
Sundram Fasteners Ltd reported first quarter standalone net profit of ₹138.35 crore, its highest ever, up about 5% when compared to ₹131.64 crore in the same period last year, amid challenges in its export market. The company's domestic sales increased 8.78% to ₹930.91 crore in the April-June quarter from ₹855.75 crore in the comparable period last year. However, export sales declined to ₹379.14 crore in the first quarter of 2025-2026 from ₹422.65 crore in the same period last year. Revenue from operations was at ₹1,350.17 crore in the April-June quarter, when compared to ₹1,310.33 crore in the year-ago period. 'Compared to the same period last year, we have grown propelled primarily by robust domestic demand across our key segments,' Arathi Krishna, Managing Director, Sundram Fasteners, said. 'Our export markets continue to pose challenges amidst global economic headwinds and ongoing geopolitical uncertainties,' she said. 'Despite these conditions, we remain confident in the competitive strength of our product portfolio and the durability of our long-term partnerships. We are further strengthening our foundation by prioritizing investments in innovation, capacity expansion, and customer engagement, ensuring we are well positioned for sustained growth in both India and International markets', Ms. Arathi Krishna, added. 'We are closely monitoring the recent U.S. tariff decision. While the full impact is yet to unfold, I am confident in our ability to adapt and advance our presence in the U.S. market, reinforced by enduring customer relationships and our consistent commitment to quality,' she noted. The Chennai-based Company's consolidated revenue from operations ₹1,533.39 crore in the first quarter, while consolidated net profit was ₹147.94 crore in the first quarter 2025-2026. Sundram Fasteners incurred capital expenditure of ₹ 71.48 crore in the first quarter.
Business Standard
01-08-2025
- Business
- Business Standard
Sundram Fasteners consolidated net profit rises 4.60% in the June 2025 quarter
Sales rise 2.39% to Rs 1533.39 croreNet profit of Sundram Fasteners rose 4.60% to Rs 148.35 crore in the quarter ended June 2025 as against Rs 141.83 crore during the previous quarter ended June 2024. Sales rose 2.39% to Rs 1533.39 crore in the quarter ended June 2025 as against Rs 1497.67 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 2 OPM %16.1116.50 -PBDT257.77245.41 5 PBT199.13191.61 4 NP148.35141.83 5 Powered by Capital Market - Live News
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Business Standard
31-07-2025
- Automotive
- Business Standard
Sundram Fasteners Q1 net up 4% to record Rs 148 crore, exports dip
Sundram Fasteners, the Chennai-based auto components major, reported its highest-ever consolidated net profit of Rs 147.94 crore for the first quarter of FY26, a 4 per cent increase from Rs 142.69 crore in the same quarter last year. The company also posted record consolidated revenue of Rs 1,533.39 crore, marking a 2 per cent year-on-year growth. The consolidated earnings per share (EPS) for the quarter ended June 30, 2025, stood at Rs 7.06. Managing Director Arathi Krishna attributed the strong performance to resilient domestic demand and robust execution. 'This progress is a testament to the dedication and expertise of our teams, who continue to drive operational excellence and uphold the highest standards of product quality,' she said. Operational highlights Standalone revenue from operations rose to Rs 1,350.17 crore, up from Rs 1,310.33 crore last year. Export sales, however, declined to Rs 379.14 crore from Rs 422.65 crore, reflecting pressures from global economic and geopolitical uncertainties. The EBITDA for the quarter reached Rs 238.77 crore, the highest in the company's history, up from Rs 223.06 crore in Q1 FY25. The EBITDA margin improved to 17.5 per cent, supported by stable commodity prices, a favourable product mix, and stronger domestic sales. Gross margins improved significantly, from 57.5 per cent to 59.9 per cent. Outlook and strategy Despite global headwinds, Krishna emphasised the company's continued focus on long-term growth. 'We remain confident in the competitive strength of our product portfolio and the durability of our long-term partnerships,' she said. Sundram Fasteners plans to continue investing in innovation, capacity expansion, and customer engagement, aiming to fortify its leadership in the Indian and global automotive component markets. The company's robust quarterly performance highlights its ability to weather external shocks, even as exports slow, and positions it for continued expansion through strategic domestic investments.
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Business Standard
07-05-2025
- Automotive
- Business Standard
Auto index surges 16% in 1 month; What's fuelling the index's rally?
Auto shares price movement today: The BSE Auto index has outperformed the Sensex by gaining over 1 per cent in Wednesday's intra-day trade after a healthy up move in the share prices of automobiles and auto ancillary companies. At 01:36 pm; the BSE Auto index, the top gainer among sectoral indices, was up 1.3 per cent, as compared to 0.16 per cent decline in the BSE Sensex. Tata Motors, Sundram Fasteners, MRF, Apollo Tyres, Bharat Forge, Samvardhana Motherson International, Bosch, Tube Investments of India, Ashok Leyland, TVS Motor Company and Mahindra & Mahindra were up in the range of 1 per cent to 5 per cent. Endurance Technologies, Gabriel India, Lumax Auto Technologies, JK Tyre and ASK Automotive were among the non-index auto related stocks that have rallied between 4 per cent and 10 per cent. In the past one month, the BSE Auto index has outperformed the market by surging 16 per cent, as against a 10 per cent rally in the BSE Sensex. The Auto index is quoting higher for the third straight trading day. India-UK Free Trade Agreement (FTA) India and the United Kingdom (UK) signed a Free Trade Agreement (FTA) on Tuesday, May 6, 2025. The government is yet to publish the text of the deal, which is subject to legal checks, signing and ratification. According to media reports, India will cut its automotive tariffs to 10 per cent from its current level of more than 100 per cent. Most automotive manufacturing plants in the UK are of premium and luxury brands, such as Bentley, BMW, Rolls-Royce, and Aston Martin, said analysts at BNP Paribas India. While among them, Jaguar Land Rover (JLR) could be a key beneficiary, the brokerage firm notes that one of its key models, Defender, is not manufactured in the UK. Also, JLR already uses its India based assembly plant for several models to enjoy the lower duty. Given that the majority of the beneficiaries are premium/luxury OEMs, the brokerage firm does not see any material impact to India-listed passenger vehicle OEMs. That said, the brokerage firm could see a slightly higher number of premium/ luxury vehicles selling in India, which are currently miniscule. Sector outlook Looking ahead, domestic passenger vehicle (PV) wholesales are expected to remain weak in the near term. Analysts at JM Financial do not expect any meaningful improvement in PV demand until the festive season. In the 2W segment, while retail financing in the entry-level segment remains a concern, the upcoming marriage season is expected to provide near term support to demand. In case of commercial vehicle (CV) segment, volumes are expected to witness gradual recovery led by higher Government of India (GOI) capex and improvement in infrastructure activities. M&M highlighted that retail momentum remains strong, supported by Chaitra Navrati festival in April and improved farmer cash flows. Additionally, it indicated that financing remains strong and above normal southwest monsoon prediction is likely to aid tractor industry growth in the near term. Improved operational performance of tyre companies in Q4 Tyre companies such as MRF and Ceat so far declared their January to March 2025 (Q4FY25) results have reported a healthy operational performance. Tyre major MRF today reported earnings before interest, taxes, depreciation, and amortisation (Ebitda) margin improvement of 78 bps at 15.02 per cent. The company's profit after tax (PAT) jumped 27 per cent year-on-year (YoY) at ₹645.08 crore. Revenue grew 11.7 per cent YoY at ₹6,944 crore. The board of directors of MRF has recommended a final dividend of ₹229 (2290 per cent) per share of ₹10 each. Ceat's Q4FY25 standalone net sales grew 14.6 per cent YoY at ₹3,414 crore. Gross Margins for the quarter improved by 65 bps to 37.5 per cent, largely driven by favourable revenue mix and as a result of strong cost controls across the value chain. The management said operating margins improved in Q4 by over 120 bps, largely driven by a favourable revenue mix and as a result of strong cost controls across the value chain. The company incurred a capex of ₹946 crore during FY25 largely in capacity additions that would prepare the company well to deliver its growth plans in FY26.
Mint
07-05-2025
- Business
- Mint
CRISIL, Varun Beverages, Sundram Fasteners share prices in focus as will trade Ex Dividend today
Dividend Stocks: CRISIL, Varun Beverages, Sundram Fasteners share prices will remain in focus today as these companies will trade Ex Dividend today. The record date set by these companies to identify the list of eligible shareholders to receive dividend stands today and hence CRISIL, Varun Beverages, Sundram Fasteners share prices will remain in focus today According to the record date, shareholders must have bought CRISIL, Varun Beverages, Sundram Fasteners shares one day prior to the record date, as per the T+1 settlement procedure, in order for their names to be listed among the eligible shareholders on the record day for the dividend payout. CRISIL - The Board of Directors of the Company while on 30 April 2025 had approved the Unaudited Standalone and Consolidated Financial Results for the first quarter ended March 31, 2025 , the also had declared and approved the dividend. The Board of Directors has also recommended interim dividend of Rs. 8, per equity share of face value of Re 1 each, for the financial year ending December 31, 2025, which will be paid on May 19, 2025. Varun Beverages- The Board of Directors of the company on 30 April 2025 had approved and recommended The payment of interim dividend of ^0.50 (Fifty Paisa only) per Equity Share for the Financial Year 2025 on the total issued, subscribed and paid-up 338,18,65,692 Equity Shares of the nominal value of <2/- each Varun Beverages Limited dividend payout date- The company had annunced that the interim dividend will be paid on and from Friday, May 9, 2025 to those shareholders whose name appears in the Register of Members of the Company or in the list of beneficial owners maintained by the Depositories as on Wednesday, May 7, 2025. Hence the Varun Beverages share price will remain in focus on Wednesday Sundram Fasteners- The Board of Directors of Sundram Fasteners at their meeting heldon (Wednesday, April 30, 2025 had approved payment of Second Interim Dividend at Rs. 4.20/- per share of Re 1/- each for the financial year ended March 31, 2025. Sundram Fasteners had fixed May 7, 2025 Wednesday as the record date for identifying the list of shareholders for the purpose of determining the shareholders eligible to the Second Interim Dividend for the financial year ended March 31, 2025 Sundram Fasteners dividend payout date - The company said that said that the second interim dividend will be paid to the shareholders on May 21, 2025 (Wednesday). Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions
