Sundram Fasteners Limited has announced its highest ever financial results for the year ending March 31, 2024, marking significant growth across all key metrics. The company reported record-breaking EBITDA, Profit Before Tax (PBT), Profit After Tax (PAT), and Earnings Per Share (EPS).
For FY 2024, the company achieved its highest ever EBITDA at INR 940.86 crore, up from INR 898.32 crore the previous year. The PBT reached a new peak at INR 695.54 crore, compared to INR 660.66 crore in FY 2023. Similarly, PAT also saw an increase, reaching INR 525.64 crore, up from INR 500.35 crore.
The company has made significant capital investments amounting to INR 343.45 crore towards capacity expansion and new projects, funded entirely through internal accruals. Additionally, two wholly owned subsidiaries, Sunfast TVS Limited and TVS Engineering Limited, were merged into Sundram Fasteners Limited following approval from the National Company Law Tribunal, Chennai.
The Board declared a second interim dividend of INR 4.17 per share, bringing the total dividend for the year to INR 6.85 per share, reflecting the company’s strong financial health and commitment to delivering value to its shareholders. In terms of dividends, the Board declared a second interim dividend of INR 4.17 per share, bringing the total dividend for the financial year to INR 6.85 per share.
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