Sundram Fasteners Ltd's Q3FY25 Quarter Results
- 28 Jan 2025
Result Summary
- Sundram Fasteners Ltd reported a 3.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 3.3%.
- Its expenses for the quarter were down by 2.1% QoQ and up 4.2% YoY.
- The net profit decreased 9.1% QoQ and increased 1.0% YoY.
- The earnings per share (EPS) of Sundram Fasteners Ltd stood at 6.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1444.04 | 1499.07 | 1398.38 | -3.7% | 3.3% |
Total Expenses | 1278.10 | 1305.87 | 1226.53 | -2.1% | 4.2% |
Profit Before Tax | 165.94 | 193.20 | 171.85 | -14.1% | -3.4% |
Tax | 35.21 | 49.36 | 42.41 | -28.7% | -17.0% |
Profit After Tax | 130.73 | 143.84 | 129.44 | -9.1% | 1.0% |
Earnings Per Share | 6.20 | 6.80 | 6.10 | -8.8% | 1.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Sundram Fasteners Ltd is a prominent company engaged in the production and distribution of automotive and industrial fasteners. It operates primarily within the automotive components industry, providing essential parts that are integral to vehicle assembly and performance. The company has established a strong presence in both domestic and international markets, supplying to major automotive manufacturers. While specific recent developments were not provided, Sundram Fasteners Ltd is known for its focus on innovation and quality, often exploring new technologies and expanding its product range to meet industry demands.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Sundram Fasteners Ltd reported a total income of ₹1444.04 crores. This reflects a quarter-over-quarter (QoQ) decrease of 3.7% from the previous quarter (Q2FY25), where total income stood at ₹1499.07 crores. However, on a year-over-year (YoY) basis, the total income increased by 3.3% from ₹1398.38 crores in the same quarter of the previous fiscal year (Q3FY24). This growth in income YoY indicates a positive direction compared to the same period last year despite the QoQ decline.
Profitability
The company's profitability metrics for Q3FY25 show a profit before tax of ₹165.94 crores. This represents a decrease of 14.1% QoQ from ₹193.20 crores in Q2FY25 and a YoY decline of 3.4% from ₹171.85 crores in Q3FY24. The tax expense for Q3FY25 was ₹35.21 crores, marking a significant QoQ reduction of 28.7% from ₹49.36 crores in Q2FY25 and a YoY decrease of 17.0% from ₹42.41 crores in Q3FY24. Consequently, the profit after tax for Q3FY25 amounted to ₹130.73 crores, down 9.1% QoQ from ₹143.84 crores in Q2FY25, but slightly up by 1.0% YoY from ₹129.44 crores in Q3FY24.
Operating Metrics
Key operating metrics for Sundram Fasteners Ltd in Q3FY25 include earnings per share (EPS) at ₹6.20. This marks a decrease of 8.8% QoQ from an EPS of ₹6.80 in Q2FY25, yet a modest increase of 1.6% YoY from ₹6.10 in Q3FY24. Total expenses for the quarter were ₹1278.10 crores, which shows a 2.1% decrease QoQ from ₹1305.87 crores in Q2FY25 and a 4.2% increase YoY from ₹1226.53 crores in Q3FY24. These figures suggest a focus on managing expenses effectively while navigating through varying income levels across different quarters and fiscal years.
