Sundaram-Clayton Q4 PAT down 2% YoY

9 May 2022 , 09:56 AM

Total expenditure increased by 7% YoY to Rs 6,002 crore during the quarter. Interest payments were at Rs 274.60 crore (up 25.1% YoY) and depreciation costs amounted to Rs 234.49 crore (up 31.4% YoY) in Q4 FY22. Profit before tax in Q4 FY22 stood at Rs 414.64 crore, down by 7.2% from Rs 446.71 crore in Q4 FY21. Current tax outgo during the period under review was Rs 124.06 crore (down 2% YoY). The company recorded 36.2% increase in consolidated net profit to Rs 440.74 crore on a 26.1% rise in net sales to Rs 25,590.65 crore in FY22 over FY21. Separately, Sundaram-Clayton said that Dr. Lakshmi Venu has taken over as the managing director of the company on 6 May 2022. Dr. Venu was the joint managing director of Sundaram Clayton. Sundaram Clayton is a manufacturer of machined aluminum die-castings, producing castings for the passenger car, commercial vehicle and two-wheeler industries in India and globally. The scrip declined 2.06% to currently trade at Rs 3680.40 on the BSE. Powered by Capital Market – Live News