Sundaram Fasteners Q4 PAT down -24.3% to Rs106.53cr on spike in input costs

24 Apr 2022 , 10:00 AM

Sundaram Fasteners Ltd reported 5.24% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs1,339.84cr. On a sequential basis, the revenues were higher for the quarter by 10.96%.

For the full year FY22, the revenues were higher by 34.6% at Rs4,941cr. Sundaram Fasteners is into the manufacture of bolts & nuts, water & oil pumps, sintered products, forged parts and radiator caps for the automobile industry, which has been under pressure.

For the quarter domestic sales were up 5.1% and exports 8.5%.

The consolidated net profit for Q4 was down -24.33% to Rs106.53cr, while the profits were down by -1.43% on a sequential basis. EBIDA for the quarter was lower by -16.1% at Rs178.34cr due to the impact of higher input costs amidst a spike in the prices of metals and alloys.

For the full year, EBITDA was higher by 25.6% at Rs752.19cr. Net margins stood at 7.95% in Mar-22 quarter compared to 11.06% in Mar-21. The net profit margins were lower by 100 basis points on a sequential basis, compared to Dec-21 quarter.

Financial highlights for Mar-22 compared yoy and sequentially

	Sundaram Fasteners
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,339.84	₹ 1,273.10	5.24%	₹ 1,207.53	10.96%
Net Profit (Rs cr)	₹ 106.53	₹ 140.78	-24.33%	₹ 108.07	-1.43%
Diluted EPS (Rs)	₹ 5.07	₹ 6.71		₹ 5.15
Net Margins	7.95%	11.06%		8.95%