Sundram Fasteners said a good increase in standalone net profit for the quarter ended December 2013. During the quarter, the profit of the company rose 27.06% to Rs 286.40 million from Rs 225.40 million in the same quarter previous year.
Net sales for the quarter declined marginally 4.09% to Rs 4,764.50 million, compared with Rs 4,967.50 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.36, registering 27.10% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 13 | Dec - 12 | %Change |
| Net Sales | 4,764.50 | 4,967.50 | (4.09) |
| Net Profit | 286.40 | 225.40 | 27.06 |
| Basic EPS | 1.36 | 1.07 | 27.10 |
Shares of the company gained Rs 1, or 2.19%, to trade at Rs 46.75. The total volume of shares traded was 26,560 at the BSE (2.05 p.m., Monday).
