Sundaram Clayton announced that the 59th Annual General Meeting (AGM) of the company will be held on 30 July 2021.

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Net sales increased by 48.3% year-on-year (YoY) to Rs 6439.57 crore during the quarter.

Profit before tax was at Rs 446.71 crore in Q4 March 2021, up 442.10% compared with Rs 82.40 crore in Q4 March 2020.

The company's consolidated net profit declined 4% to Rs 323.68 crore on 2.2% rise in net sales to Rs 20298.73 crore in the year ended 31 March 2021 over the year ended 31 March 2020.

Sundaram-Clayton, a TVS Group company, is a leading manufacturer of machined aluminum die-castings, producing over 50,000 tonnes of castings for the passenger car, commercial vehicle and two-wheeler industries in India and globally.

The scrip fell 1.10% to currently trade at Rs 3185.30 on the BSE.

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Net profit of Sundaram Clayton rose 1714.98% to Rs 167.16 crore in the quarter ended March 2021 as against Rs 9.21 crore during the previous quarter ended March 2020. Sales rose 48.35% to Rs 6439.57 crore in the quarter ended March 2021 as against Rs 4340.89 crore during the previous quarter ended March 2020.

For the full year,net profit declined 3.99% to Rs 323.68 crore in the year ended March 2021 as against Rs 337.12 crore during the previous year ended March 2020. Sales rose 2.22% to Rs 20298.73 crore in the year ended March 2021 as against Rs 19858.74 crore during the previous year ended March 2020.

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Sundaram Clayton will hold a meeting of the Board of Directors of the Company on 28 April 2021..

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