Sundram Fasteners registers PAT of Rs407.46 crore for FY22; stock skids ~3%

25 Apr 2022 , 11:08 AM

Sundram Fasteners Limited reported standalone revenue from operations of Rs4,172.57 crore in FY22 as compared to Rs3,065.03 crore in FY21, up by 36.1% yoy. While consolidated revenue for the period under review was Rs4,902.06 crore as compared to Rs3,644.29 crore in the previous financial year, registering a growth of 34.5% yoy.

The company’s standalone PBT for FY22 stood at Rs555.96 crore as against Rs438.11 crore in the previous year, an increase of 26.9% yoy. Its consolidated PBT for FY22 was Rs461.83 crore as against Rs362.71 crore for FY21, up by 27.30% yoy.

The company’s consolidated PAT for FY22 stood at Rs461.83 crore, up by 27.3% yoy, as against Rs362.71 crore in FY21.

For the quarter ended March 31, 2022, the company’s revenue from operations was Rs1,146.44 crore as compared to Rs1079.25 crore in the previous corresponding quarter, up by 6.2% yoy. The company’s domestic sales for the quarter ended increased by 5.1% yoy at Rs749.66 crore as compared to Rs713.16 crore for the corresponding quarter in the previous year.

The net profit for the quarter ended March 31, 2022, was reported at Rs71.41 crore as against Rs130.02 crore for the corresponding quarter in the previous year.

The earnings before interest, depreciation, and taxes (EBITDA) for Q4FY22 stood at Rs178.34 crore as against Rs212.49 crore during the same period in the previous year. The margins were impacted due to the continued increase in raw material prices and logistics costs.

Sundram Fasteners is currently trading at Rs807.65 down by Rs27.25 or 3.26% from its previous closing of Rs834.90 on the BSE. The scrip opened at Rs823 and has touched intraday high and low of Rs830 and Rs806 respectively.