|
Consolidated profit before tax (PBT) stood at Rs 70.22 crore in Q4 March 2020, tumbling 53% from Rs 148.41 crore in Q4 March 2019. Current tax expense stood at Rs 21.51 crore, declining 24.53% from Rs 28.50 crore in Q4 March 2019.
In view of the nationwide lockdown due to Coronavirus pandemic, the operations of the company came to a halt from 24 March 2020, which impacted the sales performance of the company during April and May 2020. The result was announced after market hours yesterday, 11 June 2020.
Sundram Fasteners manufactures critical, high precision components for the automotive, infrastructure, windmill and aviation sectors. Its varied range of productions encompasses fasteners, power train components, sintered metal products, iron powder, cold extruded parts, radiator caps, water pumps, oil pumps and wind energy components.
|