Revenue from operations was at Rs 1,339.84 crore for the quarter ended 31 March 2022 as against Rs 1,273.10 crore during the same period in the previous year, registering a growth of 5.2%. On a sequential basis, net sales rose 10.96% to Rs 1339.84 crore in Q4 FY22 over Q3 FY22.

Profit before tax stood at Rs 143.86 crore in Q4 FY22, down by 23.9% from Rs 188.94 crore in Q4 FY21. Total expenses rose 10.81% to Rs 1206.03 crore in Q4 FY22 over Q4 FY21.

Finance costs spiked by 18.3% to Rs 8.21 crore while depreciation & amortization expenses rose by 9.65 % to Rs 49.52 crore in the fourth quarter as compared to the corresponding quarter last year.

The TVS group company posted 27.2% increase in consolidated net profit to Rs 456.72 crore on 34.5% rise in revenue from operations to Rs 4,902.06 crore in the year ended 31 March 2022 over the year ended 31 March 2021.

The consolidated earnings per share (EPS) for the financial year ended 31 March 2022 amounted to Rs 21.74 crore, up by 23.9% from Rs 17.10 crore in the previous year.

The company incurred Rs 146 Crores towards capital expenditure as part of capacity expansion of existing lines of business. 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.

Sundram Fasteners, part of the TVS Group, is engaged primarily in manufacture and sale of bolts and nuts, water and oil pumps, sintered products, cold extruded components, hot and warm forged parts, radiator caps and other parts which largely have applications in automobile industry.