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Sundram Fasteners has posted a 55 per cent increase net profit to Rs 34.93 crore, while revenues grew 29 per cent to Rs 522 crore, in first quarter ended June 2011.
Exports for the period was Rs 149.96 crore, at a growth of 45 per cent. Operating expenses were at Rs 445 crore (Rs 349 crore).
Operating margin was under pressure due to higher cost of inputs, additional usage of captive power and increase in employee costs due to long term settlement at a factor, said the company in a release.
Earnings per share on face value of Re 1 per share for the quarter amounted to Rs 1.66 (Rs 1.07).
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