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Sundram Fasteners Q4 net profit dips to 71.41 cr.

Full-year profit rises 24.2% to ₹407.46 crore

April 22, 2022 08:38 pm | Updated 08:42 pm IST - CHENNAI

Special Correspondent

Sundram Fasteners Ltd. (SFL) reported a 45% dip in its standalone net profit for the quarter ended March to ₹71.41 crore compared with ₹130 crore.

However for the full year, net profit rose 24.2% to ₹407.46 crore, the company said in a statement.

Revenue from operations for the fourth quarter grew 6.2% to ₹1,146.44 crore from ₹1,079.25 crore. Exports climbed 8.5% to ₹366 crore.

For the full year, SFL notched up capital expenditure of ₹146 crore towards capacity expansion in its existing lines of business.

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