GIFT a SubscriptionGift
HamberMenu
  1. Visual Story
  2. Data
  3. Health
  4. Opinion
  5. SEARCH Icon
  1. Visual Story
  2. Data
  3. Health
  4. Opinion
  5. SEARCH Icon

To enjoy additional benefits

GIFT a SubscriptionGift
ShowcaseCrossword+

CONNECT WITH US

year
Click here for our in-depth coverage of Lok Sabha and Assembly elections #ElectionsWithTheHindu

Sundaram-Clayton Q4 net loss narrows

Published - May 10, 2024 09:06 pm IST - Chennai

The Hindu Bureau

Sundaram-Clayton Ltd. (SCL) consolidated net loss for the quarter ended March reduced to ₹47 crore from ₹63 crore sequentially.

Revenue from operations slid by ₹9 crore to ₹555 crore, while materials costs rose by ₹32 crore to ₹322 crore.

As per the arrangement approved by NCLT Chennai Bench, TVS Holdings Ltd.’s manufacturing business along with assets and liabilities was de-merged, transferred and vested into SCL from August 11, 2023. Hence results for March 2024 begins August 11, 2023.

During the quarter, the company invested ₹41.53 crore in its overseas subsidiary Sundaram Holding USA Inc.

It also declared an interim dividend of ₹5.15 per share.

Related Topics

earnings / company information

Top News Today

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.