KRChoksey: Sundram Fasteners’ Better  Q2 Performance Driven By Revival In Domestic Auto Demand  

KRChoksey: Sundram Fasteners’ Better  Q2 Performance Driven By Revival In Domestic Auto Demand

A power tool and boxes of fasteners wait to be used on the production line. (Photographer Jeffrey Sauger/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChoksey Report

Sundram Fasteners Ltd.’s Q2 FY21 consolidated revenue grew by 0.3% YoY and (138% QoQ) to Rs 8,635 million.

Revenue growth was mainly due to better domestic sales of Rs 4,839 million in Q2 FY21 as as against Rs 4,500 million in Q2 FY20.

Exports in Q2 FY21 came in at Rs 2,603 million as against Rs 2,909 million during the same period in the previous year.

Export contributed 34% in standalone revenue.

Click on the attachment to read the full report:

KRChoksey Sundram Fasteners Q2FY21 Result Update.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES