Sundram Fasteners has received the credit rating `CRISIL A1+` for its short term debt and commercial paper. Powered by Capital Market - Live News

Sundram Fasteners announced that the Board of Directors of the Company at its meeting held on 3 November 2023, has recommended a Interim dividend of Rs.2.68 per share (i.e.268%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Sundram Fasteners rose 14.38% to Rs 131.87 crore in the quarter ended September 2023 as against Rs 115.29 crore during the previous quarter ended September 2022. Sales rose 1.44% to Rs 1421.82 crore in the quarter ended September 2023 as against Rs 1401.65 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales1421.821401.65 1 OPM %16.2314.60 - PBDT230.64206.32 12 PBT176.18156.99 12 NP131.87115.29 14 Powered by Capital Market - Live News

Sundram Fasteners will hold a meeting of the Board of Directors of the Company on 3 November 2023.Powered by Capital Market - Live News

Sundram Fasteners has received reaffirmation in credit ratings for short term debt and commercial paper at CRISIL A1+. Powered by Capital Market - Live News