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