Chennai, Feb 2 (PTI): Sundaram Fasteners Ltd, a TVS Group company, has registered a 63.3 per cent rise in its standalone net profits for the third quarter ending December 31, 2016 to Rs 75.34 crore.
By PTI Feeds | Published: February 2, 2017 3:48 PM IST EmailChennai, Feb 2 (PTI): Sundaram Fasteners Ltd, a TVS Group company, has registered a 63.3 per cent rise in its standalone net profits for the third quarter ending December 31, 2016 to Rs 75.34 crore.
The Chennai-based suppliers of parts to the automotive and industrial segment had registered net profits at Rs 46.11 crore in the corresponding quarter of the previous year.
Net profits for the nine month period ending December 31, 2016 surged to Rs 227.82 crore from Rs 126.79 crore registered during the corresponding quarter of previous year.
Total income from operations for the October-December 31, 2016 quarter grew to Rs 709.32 crore from Rs 613.90 crore registered during the year ago period. (…)
via Sundaram Fasteners 3qtr standalone net rises 63.3% – India.com.