Sundram Fasteners Q3 net profit down 7.6%
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Sundram Fasteners, part of the TVS Group, reported net standalone profit for the quarter ending 31st December 2019 (its third quarter) dropped 7.6% to 1.03 billion rupees (2018: 1.1 billion rupees).

Revenue from operations was at nearly 6.93 billion rupees, down from 10.01 billion rupees in 2018. Due to the drop in industry volumes, domestic sales were also lower at 4.4 billion rupees against 6.08 billion rupees in Q3 2018.Export sales for the quarter were 2.24 billion rupees.

www.chinaFastenerinfo.net
2020-03-19

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