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Our Bureau

Chennai , July 31

SUNDRAM Fasteners has reported a net profit of Rs 17.34 crore for the first quarter of the current year, compared with Rs 11.57 crore in the corresponding quarter of last year — a growth of 50 per cent.

Turnover, aided by a 22 per cent increase in exports, increased to Rs 283.47 crore against Rs 231.39 crore in Q1 last year. Interest costs rose to Rs 3.53 crore (Rs 1.34 crore).

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