Financial Daily from THE HINDU group of publications
Sunday, Oct 31, 2004
Financial Daily from THE HINDU group of publications Sunday, Oct 31, 2004 |
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Corporate Results
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Automobile Components Sundram Fasteners Q2 net falls marginally — To pay 70 pc interim Our Bureau
Chennai , Oct. 30 SUNDRAM Fasteners has reported a net profit of Rs 14.77 crore for the second quarter of the current year, compared with Rs 15.15 crore in the corresponding quarter of last year. The company has declared an interim dividend of Re 0.70 per share of Rs 1 each (70 per cent), the record date for which is November 5. The turnover was Rs 227.89 crore against Rs 136.94 crore, but the figures for the quarter include the results of TVS Autolec Ltd, which has been merged with Sundram Fasteners. Exports were also higher at Rs 62.59 crore against Rs 29.65 crore. For the first half of the current year, the turnover was Rs 436.05 crore (Rs 286.98 crore) and net profit Rs 26.43 crore (Rs 27.76 crore).
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