EBITDA for the quarter ended 31 March 2023 was at Rs 201.30 crore as against Rs 178.31 crore during the same period in the last year, showing an increase of 12.89%. The company has posted and sustained EBITDA margin at 16.2% in Q4 FY23 as against 15.4% during the same period in the previous year.

During the quarter the domestic sales was at Rs 820.71 crore, registering the growth of 9.48% as compared with Rs 749.66 crore posted in corresponding quarter last year. The export sales increased 4.03% to Rs 380.77 crore in Q4 FY23 as against Rs 366.01 crores in Q4 FY22.

On consolidated basis, the company's net profit rose 18.6% to Rs 126.36 crore on 8.1% increase in net sales to Rs 1447.95 crore in Q4 FY23 over Q4 FY22.

On full year basis, the company's net profit rose 8.1% to Rs 464.40 crore in FY23 as against Rs 429.45 crore in FY22. Net sales jumped 17.9% year on year to Rs 4,919.43 crore in FY23.

The company incurred Rs 212.94 crore towards capital expenditure as part of capacity expansion of existing lines of business and new projects. The capital expenditure was incurred to augment capacities for meeting the increase in the volume of business in tandem with production plans of key customers.

The board has declared second interim dividend of Rs 3.06 per equity share for FY23. The record date for the same is fixed on 16 May 2023.

Chennai-based Sundram Fasteners makes high-tensile fasteners, powder metal components, cold extruded parts, hot forged components, radiator caps, automotive pumps, gear shifters, gears and couplings, tappets, iron powder, powertrain components and sub-assemblies.