Sundaram Fasteners Ltd reported a 67.5% increase in net profit for the quarter ending March 31, 2014 compared to the same period the previous fiscal year. Net sales rose 8.08% to Rs 5206.20 million while net profit increased 67.48% to Rs 274.50 million, improving the net profit margin to 5.27% from 3.40% previously. The company's stock price closed 1.88% lower, trading at Rs 94.15 per share with a volume of 30,290 shares on the BSE.

1. Sundaram Fasteners records 67.5% jump in MQ Net
Sundaram FastenersLtd | Quarterly Result ason 31-Mar-2014 | 10-Jun-2014
For the period, the Sundaram Fasteners Ltd reported Net Sales of Rs 5206.20 million and Net Profit of Rs 274.50 million. While Net Sales
rose by 8.08%, Net Profit grown by 67.48% and thereby NPM improved to 5.27% as compared to 3.40% during same period previous FY.
EquityCapital for the period under consideration has increased by0.00% and stands at Rs 210.10 million. EPS as on 31-Mar-2014 stands at
Rs 1.31 viz-a-vizRs as on 31-Mar-2013.
The stock of the Sundaram Fasteners Ltd at BSE opened at 95.00 touched a high 95.80 and low 91.75 before closing at 94.15 losing 1.88%
over previous close. The trading volume for the stock at BSEstood at 30290 shares and at NSEstood at 178581 shares.
BSE NSE
The S&PBSESensexclosed todayat 25583.69 (0.01%gain) and CNXNiftyclosed at 7656.40 (0.02%gain).
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