The company cited this increase due to volume growth caused by market buoyancy, product mix and specific cost reduction initiatives.
ETAuto | Aug 09, 2016, 03.20 PM ISTSundram Fasteners Q1 net profit jumps 96%
NEW DELHI: Indian auto component manufacturer Sundram Fasteners has reported an increase of 96 percent in its net profit and stood at Rs 75.55 crore for the first quarter ended June 30, 2016 for the financial year 2016-2017. The Earnings Before Interest, Depreciation and Taxes (EBIDTA) also increased to Rs 139.96 crore from Rs 94. crore. (…)
