• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai, Jan. 28 Sundram Fasteners has reported a lower net profit of Rs 18.04 crore for the third quarter of the current fiscal compared with Rs 20.94 crore for the corresponding quarter of last year. This was in line with the fall in export turnover to Rs 83 crore from Rs 88 crore previously. Domestic sales remained flat at Rs 214 crore.

For the nine-month period ended December, the company reported sales of Rs 894.76 crore (Rs 909.98 crore). Net profit for the period was Rs 24.70 crore marginally lower than Rs 64.40 crore made in the comparable period of last year. A big help here was “exchange fluctuations on foreign currency loans” which resulted in a gain of Rs 20.36 crore against a loss of Rs 7.98 crore in the first nine months of last year.

More Stories on : Automobile Components

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
VSNL third-quarter profit falls 93%

Copyright © 2008, 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