Photo: Hemant Mishra/MintChennai: Sundram Fasteners Ltd, part of the $7.2 billion TVS Group, has recorded a 21.6% rise in net profits for the third quarter ending 31 December 2017 at Rs91.66 crore. For the nine month period ending 31 December 2017, net profits went upto Rs272.26 crore from Rs227.82 crore registered during the same period last year. For the April-December period, revenues from operations rose to Rs2,450.67 crore from Rs2,155.32 crore registered during year ago period, it said. Domestic sales (net of excise duties) for the nine month period ending 31 December 2017 was Rs1,536.62 crore against Rs1,352.86 crore registered during year ago period. Exports for the April-December 2017 period was Rs842.56 crore as compared to Rs766.57 crore registered during the corresponding period of last year.

Source: Mint January 30, 2018 12:11 UTC