Sundaram Fasteners Q2 Profit Rises 12% to ₹310.95 Crore

Sundaram Fasteners, an auto components maker, has reported a 12% growth in standalone profit after tax to ₹310.95 crore in the quarter ended September.

The company's standalone revenue from operations grew 26% to ₹3,375.53 crore. Domestic sales increased 23% to ₹1,172.90 crore, while exports rose 57% to ₹530.95 crore.

The company's earnings before interest, depreciation, taxes and amortisation (EBITDA) grew 14% to ₹277.58 crore, despite a rise in raw material and indirect material prices.

Sundaram Fasteners incurred ₹281.01 crore in capital expenditure for the half-year ended September, which will help the company scale up in non-automotive, electric vehicle, hybrid and adjacent segments.