Results - Analysis
NP up 4.6%
On consolidated basis
Quarter ended June 2025 compared with Quarter ended June 2024.
Net sales (including other operating income) of Sundram Fasteners has increased 2.39% to Rs 1533.39 crore. Operating profit margin has declined from 16.50% to 16.11%, leading to 0.04% decline in operating profit to Rs 247.07 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 41.12% to 40.68%. Employee cost decreased from 9.34% to 9.17%. Other expenses rose from 33.06% to 34.34%.
Other income rose 282.24% to Rs 19.8 crore. PBIDT rose 5.76% to Rs 266.87 crore. Provision for interest rose 31.31% to Rs 9.1 crore.
PBDT rose 5.04% to Rs 257.77 crore. Provision for depreciation rose 9% to Rs 58.64 crore.
Profit before tax grew 3.92% to Rs 199.13 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 51.19 crore, compared to Rs 48.92 crore. Effective tax rate was 25.71% compared to 25.53%.
Net profit attributable to owners of the company increased 4.60% to Rs 148.35 crore.Promoters' stake was 46.95% as of 30 June 2025 ,compared to 48.51% as of 30 June 2024 .
Net sales (including other operating income) of Sundram Fasteners has increased 5.10% to Rs 5955.42 crore. Operating profit margin has jumped from 15.65% to 15.85%, leading to 6.48% rise in operating profit to Rs 944.14 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 41.75% to 40.63%. Employee cost decreased from 9.75% to 9.33%. Other expenses rose from 32.90% to 34.48%.
Other income fell 47.71% to Rs 28.32 crore. PBIDT rose 3.36% to Rs 972.46 crore. Provision for interest rose 4.88% to Rs 33.55 crore. Loan funds rose to Rs 823.48 crore as of 31 March 2025 from Rs 646.54 crore as of 31 March 2024. Inventories rose to Rs 1,070.19 crore as of 31 March 2025 from Rs 947.77 crore as of 31 March 2024. Sundry debtors were higher at Rs 1,455.96 crore as of 31 March 2025 compared to Rs 1,247.25 crore as of 31 March 2024. Cash and bank balance rose to Rs 48.73 crore as of 31 March 2025 from Rs 35.32 crore as of 31 March 2024. Investments declined from Rs 137.28 crore as of 31 March 2024 to Rs 120.25 crore as of 31 March 2025.
PBDT rose 3.31% to Rs 938.91 crore. Provision for depreciation rose 4.96% to Rs 223.91 crore. Fixed assets increased to Rs 2,442.42 crore as of 31 March 2025 from Rs 2,260.09 crore as of 31 March 2024. Intangible assets increased from Rs 3.34 crore to Rs 6.54 crore.
Profit before tax grew 2.80% to Rs 715.00 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 173.25 crore, compared to Rs 169.9 crore. Effective tax rate was 24.23% compared to 24.43%.
Minority interest decreased 33.08% to Rs 2.65 crore. Net profit attributable to owners of the company increased 3.34% to Rs 539.10 crore.
Equity capital stood at Rs 21.01 crore as of 31 March 2025 to Rs 21.01 crore as of 31 March 2024. Per share face Value remained same at Rs 1.00.
Promoters' stake was 46.95% as of 31 March 2025 ,compared to 48.51% as of 31 March 2024 .
Cash flow from operating activities decreased to Rs 423.27 crore for year ended March 2025 from Rs 588.72 crore for year ended March 2024. Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 395.72 crore, compared to Rs 399.54 crore during the year ended March 2024.
Other Highlights
In Q1 FY26, the company's domestic sales were at Rs. 930.91 crores as against Rs. 855.75 crores during the previous year, registering a growth of 8.78%. Exports decreased 10% YoY to Rs 379.14 crore.Management Comments :
Ms Arathi Krishna, Managing Director said, I am pleased to share that our first quarter performance underscores the fundamental strength and resilience of our operations, as well as our unwavering commitment to delivering value to our customers. Compared to the same period last year, we have grown propelled primarily by robust domestic demand across our key segments. This progress is a testament to the dedication and expertise of our teams, who continue to drive operational excellence and uphold the highest standards of product quality. Their efforts have enabled us to successfully navigate an evolving and challenging market environment. Our export markets continue to pose challenges amidst global economic headwinds and ongoing geopolitical uncertainties. Despite these conditions, we remain confident in the competitive strength of our product portfolio and the durability of our long-term partnerships. We are further strengthening our foundation by prioritizing investments in innovation, capacity expansion, and customer engagement, ensuring we are well positioned for sustained growth in both India and International markets. We are closely monitoring the recent U.S. tariff decision. While the full impact is yet to unfold, I am confident in our ability to adapt and advance our presence in the U.S. market, reinforced by enduring customer relationships and our consistent commitment to quality.
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