Sundram Fasteners share price surged almost 6 per cent to on the NSE in intraday trade, after the company posted over 60 per cent year on year (YoY) growth in standalone net profit at Rs 76.93 cr for the quarter ended September 30, 2016 (Q2FY17). The auto parts & equipment firm had a profit of Rs 51.74 cr in the same quarter year ago.
Total revenue from operations grew 11 per cent at Rs 738 cr against Rs 660 cr in the corresponding quarter of previous fiscal. EBITDA or earnings before interest, taxes, depreciation, and amortization margin improved to 19.2 per cent in Q2FY17 from 15.7 per cent in Q2FY16.
At 02:17 pm, Sundram Fasteners share price was up 5.71 per cent at Rs 281.45 on the National Stock Exchange (NSE). The trading volumes on the counter stood at over 1 lac shares having a traded value of Rs 308.32 lac.
In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Sundram Fasteners share price history.
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