Sundram Fasteners Q1 net rises 15.6% to ₹130 cr.
The Hindu
Domestic sales rose to ₹799 crore from ₹560 crore, while export sales grew by 14% to ₹406 crore
Sundram Fasteners Ltd. (SFL) has reported a 15.6% increase in standalone net profit for the first quarter to ₹130 crore over the year-earlier period.
Revenue from operations grew by 32% to ₹1,240 crore, the firm said in a regulatory filing.
Domestic sales rose to ₹799 crore from ₹560 crore, while export sales grew by 14% to ₹406 crore. The company continues to post a robust growth in export sales, the company said in a statement.
SFL has registered a strong operating performance and reported the highest-ever profit despite a challenging environment posed by continuous increase in raw material prices, inflationary impact in indirect materials and steep increase in freight costs and other inputs, said Arathi Krishna, MD.
"We continue to be cautiously optimistic about the ensuing quarters," she said.
On capex, she said SFL had planned an investment of ₹350 crore over a period of five years for manufacturing Advanced Automotive Technology Components such as powertrain sub-assemblies for electric vehicles and select internal combustion engine vehicles.
In addition, SFL proposes to make additional investments of ₹300 crore over the next two years in the wind- energy business.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.