Sundram Fasteners Q1 standalone profit after tax rises 17%

CHENNAI: Auto parts major Sundram Fasteners has recorded a nearly 17% increase in net profit for Q1FY25 at Rs 131.64 crore as against Rs 112.78 crore in the year-ago period.
The company reported its highest ever profit before tax (PBT) for the quarter at just over Rs 177 crore compared to nearly Rs 151 crore last year registering a growth of 17.4%.
The company’s earnings before interest, depreciation and taxes (EBITDA) for the quarter was at Rs 223 crore as against Rs 197.66 crore last Q1.The company has reported its EBITDA margin at 17%.
“Gross margin improved from 55.9% to 57.5% with the support of robust export performance, stable commodity prices and favourable product mix,” the company said in a statement.
The company reported its highest ever revenue from operations at Rs 1,310.33 crore compared to Rs 1,217 crore during the same period in the previous year, up 7.7% led by strong export performance. Domestic sales for the quarter were at Rs 855.75 crore as against Rs 824 crore in the year-ago period. Exports were at Rs 422.65 crore as against Rs 348 crore, up 21.5%.
Finance cost for the quarter after accounting for exchange differences, was at Rs 3.52 crore as against Rs 5.89 crore for the corresponding quarter in the previous year.
Earnings per share for the quarter amounted to Rs 6.26. The company has incurred capital expenditure of Rs 148.37 crore for the quarter.