Comments
High interest charges and forex fluctuations have pulled down the third quarter net profit of Sundram Fasteners by 11 per cent to Rs 24.84 crore.
Net sales rose 14 per cent to Rs 531 crore. Interest charges for the period rose 44 per cent to Rs 8.16 crore, while forex loss amounted to Rs 25 crore – up from Rs 2.98 crore in the corresponding quarter last year.
The directors have declared an interim dividend of Rs 0.60 a share (face value Re 1 each). The interim dividend and dividend distribution will absorb a total amount of Rs 14.65 crore, said a press release.
Comments
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 TheHindu Businessline 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.