Sundram Fasteners’ net profit has jumped 63 per cent in the third quarter of the current fiscal, against the comparable quarter in FY16.
The TVS Group company has reported a net profit of ₹75.34 crore (₹46.11 crore) on revenue from operations of ₹709.32 crore (₹613.90 crore) for the quarter ended December 31, 2016.
Earnings before interest, depreciation and taxes (EBIDTA) for the quarter increased to ₹135.62 crore (₹96.53 crore). Export sales were ₹260.50 crore (₹211.41 crore).