InvestorQ : Can you give me your quick take on the quarterly numbers of Sundaram Fasteners?
rhea Babu made post

Can you give me your quick take on the quarterly numbers of Sundaram Fasteners?

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Riya Dwivedi answered.
4 weeks ago
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Like most manufacturers, Sundaram Fasteners also saw a spike in revenues but a fall in profits due to input cost pressures. For Q4 FY22, Sundaram Fasteners reported 5.24% growth yoy in sales revenues at Rs.1,339.84 crore. Sequential revenues were also up by 10.96%. Sundaram Fasteners manufactures bolts & nuts, water & oil pumps, sintered products, forged parts and radiator caps for the automobile industry. The auto slowdown has pressured them. For Q4 FY22, domestic sales were up 5.1% and exports up by 8.5%.

Sundaram Fasteners

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 1,339.84

₹ 1,273.10

5.24%

₹ 1,207.53

10.96%

Net Profit (Rs cr)

₹ 106.53

₹ 140.78

-24.33%

₹ 108.07

-1.43%

Diluted EPS (Rs)

₹ 5.07

₹ 6.71

₹ 5.15

Net Margins

7.95%

11.06%

8.95%

  

Let us turn to profit performance of Sundaram Fasteners. Net profits for Q4 was lower by a sharp -24.33% to Rs.106.53 crore. The EBITDA for Q4 fell by -16.1% to Rs.178.34 crore on account of the impact of higher input costs catalysed by a spike in prices of metals and alloys. However, for the full year, EBITDA was higher by 25.6% yoy at Rs.752.19 crore. Net margins were 7.95% for Mar-22 quarter compared to 11.06% in Mar-21. The net profit margins were lower by 100 basis points on a sequential basis.

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