Leading auto parts and engineering company Sundram Fasteners Ltd has reported a 17% increase in its standalone profit after tax (PAT) of ₹132 crore.

Sundram Fasteners Q1: Standalone rises 17% to ₹132 Cr

Sundram Fasteners consolidated net profit rises 11.15% in the June 2024 quarter

Sundram Fasteners Ltd. (SFL) reports strong Q1 results with 17% rise in net profit, driven by exports and stable prices.

Sundram Fasteners Q1 standalone net rises 17% to ₹132 cr.

The earnings before interest, depreciation, and taxes (EBITDA) for the quarter were at Rs 223.06 crore as against Rs 197.66 crore during the same period in the previous year

Sundram Fasteners Q1 results: Net profit rises 11% to Rs 142.69 crore

Sundram Fasteners Ltd., based in Chennai, has played a crucial role in the Chandrayaan-3 mission.

Sundram Fasteners played a role in Chandrayaan-3 mission

Sundram Fasteners is well-positioned to benefit from the EV revolution.Sundram Fasteners is actively participating in the EV revolution, with orders of over $408M to be executed over 6 yrs, and discussing potential orders of Rs.1000 crore over 5 yrs. The company is investing Rs.300 crore in capacity…

Sundram Fasteners charges ahead with ₹1,000 crore EV orders

Sharekhan is bullish on Sundram Fasteners has recommended buy rating on the stock with a target price of Rs 1369 in its research report dated August 08, 2023.

Buy Sundram Fasteners; target of Rs 1369: Sharekhan

Revenue from operations also declined to Rs 1,216 crore in the June 2023 quarter, as against Rs 1,240 crore in the year-ago quarter.

Sundram Fasteners shares drop after Q1 profit narrows

.Sundaram Fasteners Ltd. reported 13% drop in PAT to ₹113 crore in Q1 of FY 2023. EBITDA stood at ₹197 crore with 16.2% margin. Gross margin improved to 55.8% due to softening of commodity prices and favourable product mix. Consolidated PAT was ₹129 crore with revenue at ₹1,411 crore. Domestic sales…

Sundram Fasteners posts Q1 net at ₹113 crore

NTPC’s stock has given an inverse head and shoulder pattern breakout and has sustained above the previous high, closing at new 52-week high levels.

Stocks to buy: NTPC, Chemplast, ZF Commercial & Sundram Fasteners

Sundram Fasteners charts a 3-year capex of ₹1,000 cr on surge in orders

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

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Red flags

Sundram Fasteners Limited is a holding company, engaged in manufacturing high tensile fasteners, and motor vehicle parts and accessories.