Auto components main Sundram Fasteners has recorded its highest ever standalone quarterly internet revenue of Rs 130.11 crore in Q1 FY 22-23 as towards Rs 112.55 crore throughout the identical interval within the earlier 12 months, with a year-on-year development of 15.6%.
The income from operations was at Rs 1,239.64 crore for the quarter ended June 30, 2022 as towards Rs 938.81 crore throughout the identical interval within the earlier 12 months, registering a development of 32%.
The home gross sales for the quarter had been at Rs 798.50 crore as towards Rs. 559.93 crore throughout the earlier 12 months, up 42.6%.
The export gross sales for the quarter had been at Rs 405.76 crore as towards Rs. 356.33 crore, up 14%. The earnings earlier than curiosity, depreciation and taxes (EBITDA) was at Rs 214.86 crore as towards Rs 192.88 crore throughout the identical interval within the earlier 12 months, displaying a rise of 11.4%.
The finance price comprising of curiosity price of Rs 2.11 crore and change lack of Rs 2.90 crore for the quarter was at Rs. 5.01 crore. The finance price for the corresponding quarter within the earlier 12 months comprised of curiosity price of Rs 1.11 crore and change lack of Rs 3.06 crore which thus amounted to Rs 4.17 crore.
The Revenue earlier than Tax (PBT) for the quarter ended June 30, 2022 was at Rs 171.09 crore as towards Rs 151.13 crore throughout the identical interval within the earlier 12 months.
Arathi Krishna, managing director, Sundram Fasteners Restricted, mentioned, “The corporate has registered a robust working efficiency and reported highest ever revenue regardless of a difficult surroundings posed by steady enhance in uncooked materials costs, inflationary affect in oblique supplies and steep enhance in freight prices and different inputs. We proceed to be cautiously optimistic concerning the ensuing quarters.”
The corporate has deliberate an funding of Rs 350 crore over a interval of 5 years for its Superior Automotive Expertise Elements challenge and can make investments one other Rs 300 crore within the wind vitality enterprise.
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