Net profit of Sundaram Clayton rose 156.18% to Rs 98.27 crore in the quarter ended March 2018 as against Rs 38.36 crore during the previous quarter ended March 2017. Sales rose 26.48% to Rs 453.64 crore in the quarter ended March 2018 as against Rs 358.66 crore during the previous quarter ended March 2017.

For the full year,net profit declined 47.99% to Rs 54.92 crore in the year ended March 2018 as against Rs 105.59 crore during the previous year ended March 2017. Sales rose 17.81% to Rs 1642.96 crore in the year ended March 2018 as against Rs 1394.55 crore during the previous year ended March 2017.

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Sundaram Clayton announced the retirement of M Muthuraj as CEO of the company on 30 April 2018 upon reaching superannuation.

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Sundaram Clayton will hold a meeting of the Board of Directors of the Company on 22 May 2018, to consider inter alia, annual audited financial results and audited accounts for the year ended 31.03.2018

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Sundaram Clayton announced that the Board of Directors of the Company at its meeting held on 15 March 2018, inter alia, have recommended the interim dividend of Rs 15 per equity Share (i.e. 300%) , subject to the approval of the shareholders.

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