Sundram Fasteners (SUNDRMFAST) Q1 24/25 earnings summary

Executive summary

• Achieved highest ever quarterly revenue and profit before tax on both standalone and consolidated bases, driven by robust export growth and improved operational performance.

• Standalone revenue grew 7.7% year-over-year to Rs. 1,310.33 crores, with export sales up 21.5% and domestic sales up 3.9%.

• Consolidated revenue reached Rs. 1,497.67 crores, up 6.2% year-over-year, with consolidated net profit rising 10.8% to Rs. 142.69 crores.

• Net profit increased 16.7% standalone and 10.8% consolidated year-over-year.

Financial highlights

• Standalone EBITDA for Q1 FY25 was Rs. 223.06 crores, up from Rs. 197.66 crores, with a margin of 17.0%.

• Standalone net profit increased 16.7% year-over-year to Rs. 131.64 crores; EPS at Rs. 6.26.

• Consolidated net profit was Rs. 142.69 crores; consolidated EPS at Rs. 6.75.

• Gross margin improved from 55.9% to 57.5% year-over-year.

• Finance cost reduced to Rs. 3.52 crores from Rs. 5.89 crores year-over-year.

Segment performance

• Export sales grew 21.5% year-over-year to Rs. 422.65 crores; domestic sales at Rs. 855.75 crores.

• Auto segment revenue for FY24 was Rs. 3,496 crores; non-auto at Rs. 1,457 crores.

• Domestic sales also increased, contributing to overall revenue growth.