Net profit of Sundram Fasteners declined 14.39% to Rs 95.52 crore in the quarter ended June 2019 as against Rs 111.58 crore during the previous quarter ended June 2018. Sales rose 6.68% to Rs 1136.28 crore in the quarter ended June 2019 as against Rs 1065.10 crore during the previous quarter ended June 2018.

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Sundram Fasteners announced the resignation of K Ramesh (DIN: 00556922) as Non-Executive Non-Independent Director with effect from 17 June 2019.

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Net profit of Sundram Fasteners rose 15.04% to Rs 109.54 crore in the quarter ended March 2019 as against Rs 95.22 crore during the previous quarter ended March 2018. Sales rose 4.44% to Rs 962.44 crore in the quarter ended March 2019 as against Rs 921.56 crore during the previous quarter ended March 2018.

For the full year,net profit rose 18.95% to Rs 437.12 crore in the year ended March 2019 as against Rs 367.47 crore during the previous year ended March 2018. Sales rose 16.23% to Rs 3853.13 crore in the year ended March 2019 as against Rs 3315.16 crore during the previous year ended March 2018.

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Sundaram Fasteners announced that its Board of Directors have approved payment of second Interim dividend at the rate of Rs 3.10/- per share of Re 1/- each for the financial year 31 March 2019. Further, the Board has fixed 21 May 2019 as the Record date for payment of second Interim dividend for the FY 2019.

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