Revenue for the quarter increased 11% to ₹1,693 crore versus ₹1,531 crore a year ago.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose 14% year-on-year to ₹256 crore from ₹225 crore, while margins remained flat at 15%.
The company’s board has approved a second interim dividend of ₹4.25 per share (face value Re 1) for the financial year ended March 31, 2026.
Earlier on March 4, firm had informed that HDFC Mutual Fund has pared its stake in Sundram Fasteners through bulk deals worth ₹358 crore across exchanges, reducing its holding in the auto components maker.
According to deal data, the fund house sold 22.5 lakh shares worth ₹187 crore on the BSE and offloaded shares worth ₹171 crore on the NSE. The transactions were executed at an average price of ₹832.17 per share.
Shares of Sundram Fasteners Ltd closed at ₹850.00 on April 30, up ₹11.55 or 1.38% from the previous session, reflecting a positive move in the stock during the day’s trade.
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