Financial Daily from THE HINDU group of publications
Saturday, Jul 31, 2004
Financial Daily from THE HINDU group of publications Saturday, Jul 31, 2004 |
||
|
|
||
|
Corporate Results
-
Automobile Components Sundram Fasteners Q1 net down at Rs 11.6 cr Our Bureau
Chennai , July 30 SUNDRAM Fasteners Ltd has recorded a net profit of Rs 11.57 crore on total sales of Rs 208.16 crore for the first quarter ended June 30, 2004. In the same quarter of last year, its net profit was Rs 12.61 crore on sales of Rs 121.04 crore. The results of the quarter do not include that of TVS Autolec Ltd, which has since been amalgamated with the company. In the first quarter, domestic sales amounted to Rs 171.75 crore (Rs 111.41 crore) and exports stood at Rs 59.64 crore (Rs 25.31 crore). Consumption of raw materials amounted to Rs 91.10 crore (Rs 45.68 crore) while interest cost was Rs 9.06 crore, including exchange loss of Rs 7.72 crore on foreign currency loans. A company press release said that operating margins during the period were under strain due to continuous pressure on domestic selling prices and steep hike in the cost of inputs, especially steel. The company is negotiating with its customers for increase in prices to cover escalation in cost of steel.
More Stories on : Automobile Components
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|