|Sundram Fasteners HY1 Exports record YoY growth of 37% at Rs 314 Crore|
|Written by Krishna Kumar|
|Friday, 11 November 2011|
|Chennai: Sundram Fasteners Limited recorded export sales of Rs. 313.57 crore for the half year ended September 30, 2011 as against Rs. 228.55 crore achieved during the same period in the previous year, an increase of 37 percent. Domestic sales, net of excise duties, has registered an increase of 17% at Rs. 753.07 crore (Rs. 641.90 crore) . Operating expenses were at Rs. 911.45 crore (Rs. 755.79 crore).|
Sales and other income of Sundram Fasteners Limited, increased by 23% to Rs. 1067.74 crore for the half year ended September 30, 2011 as against Rs. 871.35 crore achieved during the same period in the previous year.
Despite pressure on margin due to increase in costs, Gross Profit before interest, depreciation and provision for taxation increased by 35% to Rs.156.29 crore during the period (Rs. 115.56 crore).