Sundaram Fasteners, the flagship of the TVS Group, has registered a 41.8 per cent decline in its fourth quarter net profit at Rs 15.97 crore.
The Chennai-based auto-component manufacturer had registered net profit of Rs 27.45 crore in the same period of the previous fiscal, it said in a BSE filing today.
The total income from operations for the March quarter rose to Rs 600.40 crore, from Rs 520.62 crore a year ago.
For the full 2014-15, the net profit went up to Rs 135.32 crore, from Rs 120.89 crore in the year-ago period.(…)
via Sundaram Fasteners Q4 net shrinks 42% | Business Standard News.