Sundram Fasteners Q4 FY 24 PAT up 13.6% to INR 132.54 cr

Online Bureau Online Bureau | 05-23 16:30

In Q4, the Company registered exports of INR 385.28 crore compared to INR 339.15 crore in the previous quarter ended December 31, 2023.
New Delhi: The Board of Directors of Sundram Fasteners Limited announced on Wednesday the audited financial results for the quarter and year ended March 31, 2024.

Q4 FY24: The total revenue was at INR 1,294.78 crore for the quarter ended March 31, 2024, as against INR 1,242.77 crore during the same period in the previous year.

The domestic sales for the quarter ended March 31, 2024, were at INR 846.26 crore as against INR 822.25 crore during the previous year.

In Q4, the Company registered exports of INR 385.28 crore compared to INR 339.15 crore in the previous quarter ended December 31, 2023. The export sales for the quarter ended March 31, 2023, was at INR 380.77 crore.

The earnings before interest, depreciation, and taxes (EBITDA) for the quarter ended March 31, 2024, was at INR 220.80 crore as against INR 201.60 crore during the same period in the previous year, showing an increase of 9.5%. The Company has posted an improved EBITDA percentage on revenue from operations at 17.3% as against 16.3% during the same period in the previous year.

The Profit before Tax (PBT) for the quarter ended March 31, 2024, was at INR 174.34 crore as against INR 153.56 crore during the same period in the previous year, registering a growth of 13.5%. The net profit for the quarter ended March 31, 2024, was at INR 132.54 crore as against INR 116.65 crore during the same period in the previous year, posting an increase of 13.6%.

Earnings per share for the quarter ended March 31, 2024, amounted to INR 6.31 and was INR 5.55 in the corresponding period last year, the company said in a media release.

FY 24: The total revenue was at INR 4,952.98 crores for the year ended March 31, 2024, as against
INR 4,951.44 crores in the previous year.

The domestic sales for the year ended March 31, 2024, were at INR . 3,339.20 crores and the export sales were at INR . 1,409.43 crores.

The earnings before interest, depreciation, and taxes (EBITDA) for the year ended March 31, 2024, were at INR 825.37 Crores as against INR 797.18 Crores in the previous year. The Company has improved its EBITDA margin on revenue from operations to 16.8% as against 16.2%, supported by stability in the raw material prices and improvement in operational efficiency, the release said.

The finance cost for the year ended March 31, 2024, after accounting for exchange variation, was at INR 17.99 crores, as against INR 24.63 crores during the previous year.

The Profit before Tax (PBT) for the year ended March 31, 2024, was at INR 639.07 crore as against INR 615.30 crore during the previous year.

The net profit for the year ended March 31, 2024, was at INR 479.71 crore as against INR 463.74 crore in the previous year.

The Earnings per share for the year ended March 31, 2024, amounted to INR 22.83 compared to INR 22.07 in the previous year.

Consolidated financials

Q4 FY24: The company’s consolidated revenue posted for the quarter ended March 31, 2024, was at
INR 1,477.70 crore as against INR 1,451.46 crore during the same period in the previous year.

The consolidated net profit for the quarter ended March 31, 2024, was at INR 134.41 crore as against net profit of INR 127.47 crore during the same period in the previous year.

The consolidated earnings per share (EPS) for the quarter ended March 31, 2024, amounted to INR 6.36 and was INR 6.01 in the corresponding period last year.

FY 24: The company’s consolidated revenue for the year ended March 31, 2024, was at INR 5,720.47 crore as against INR 5,707.60 crore during the same period in the previous year.

The consolidated net profit for the year ended March 31, 2024, was at INR 525.64 crore as against net profit of INR 500.35 crores during the same period in the previous year.

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