 "Sundram Fasteners")
Auto component major Sundram Fasteners (SFL) has reported a 6 per cent dip in consolidated net profit in the second quarter of the financial year 2022-23 at Rs 116.78 crore, compared to Rs 123.91 crore in the same period the last financial year.
The company’s revenue for the quarter ended on September 30 this year was Rs 1,401.65 crore, up 13 per cent compared to Rs 1,242.26 crore in the same period in the previous year. The consolidated earnings per share (EPS) for the quarter ended September 30, 2022 amounted to Rs 5.49 and was Rs 5.83 in the corresponding period last year.
The company’s board approved the scheme of amalgamation of Sunfast TVS and TVS Engineering with Sundram Fasteners
