The board of directors of Sundram Fasteners Limited has announced the unaudited financial results for the quarter and half-year ended 30 September 2024.

The revenue from operations was recorded at INR 12.88 billion during the second quarter of FY2024-25 as compared to INR 12.31 billion in the corresponding quarter of last fiscal.

The domestic sales for the quarter ended 30 September 2024 were of INR 8.60 billion as compared to Rs 8.59 billion during the corresponding quarter in the last fiscal.

The export sales for the quarter ended 30 September 2024 were INR 3.89 billion as compared to INR 3.37 billion during the corresponding period in the last fiscal, marking a growth of 15.4 percent.

The company registered an EBITDA of INR 2.25 billion during the quarter ended 30 September 2024 as compared to an EBITDA of INR 2.05 billion in the corresponding period of last fiscal.

The export led growth and stable commodity prices contributed to the expansion of EBITDA margins from 16.6 percent to 17.3 percent.

The Profit before Tax (PBT) for the quarter ended 30 September 2024 was INR 1.75 billion as compared to INR 1.58 billion during the corresponding period in the last fiscal, registering an increase of 11.0 percent.

The net profit for the quarter ended 30 September 2024 was at INR 1.30 billion as compared to INR 1.18 billion during the corresponding quarter of last fiscal, registering an increase of 10.5 percent.

Earnings per share for the quarter ended 30 September 2024 amounted to INR 6.22 as compared to INR 5.63 in the corresponding period last fiscal. 

The Company has incurred INR 2.38 billion as capital expenditure for the half-year ended 30 September 2024, in line with its planned capital expenditure of INR four billion for FY2024-25. These investments will help the company to scale in non-auto, EV, hybrid and adjacent spaces, according to the company sources.

The Company has incurred INR 2.38 billion as capital expenditure for the half-year ended 30 September 2024, in line with its planned capital expenditure of INR four billion for FY2024-25. These investments will help us scale in non-auto, EV, hybrid and adjacent spaces, according to the company sources.

Consolidated Financials
The Company’s consolidated revenue from operations posted for the quarter ended 30 September 2024 was INR 14.86 billion as compared to INR 14.21 billion during the corresponding quarter of last financial year. 
The consolidated net profit for the quarter ended 30 September 2024 was INR 1.43 billion compared to INR 1.33 billion during the corresponding period in the last fiscal. 
The consolidated earnings per share (EPS) for the quarter ended 30 September 2024 amounted to INR 6.78 as compared to INR 6.28 in the corresponding period last fiscal. 
 
H1 FY2024-25 results
The revenue from operations was at INR 25.99 billion for the half-year ended 30 September 2024 as compared to INR 24.48 billion during the corresponding period in the last fiscal. 
The domestic sales for the half-year ended 30 September 2024 were at INR 17.16 billion as compared to INR 16.82 billion in the corresponding period of the last fiscal. 
The export sales for the half-year ended 30 September 2024 were INR 8.11 billion as compared to INR 6.85 billion during the corresponding period in the last fiscal, registering a growth of 18.5 percent. 
The net profit for the half-year ended 30 September 2024 was at INR 2.62 billion compared to a net profit of INR 2.31 billion during the corresponding period in the previous fiscal, registering an increase of 13.5 percent.
The company’s consolidated revenue from operations posted for the half-year ended 30 September 2024 was INR 29.83 billion as compared to INR 28.32 billion during the same period in the previous fiscal. The consolidated net profit for the half-year ended 30 September 2024 was INR 2.86 billion as compared to net profit of INR 2.61 billion during the same period in the previous fiscal. 
The board at its meeting held today declared an interim dividend of INR 3.00 per share (300 percent) for FY2024-25. 
 

Comments (0)

ADD COMMENT

Link Copied!

Automotive tier 1 supplier Uno Minda has announced its financial results for Q1 FY2027, achieving INR 55.57 billion in consolidated revenue, up 26 percent YoY. Last year, the company attained normalised revenue of INR 44.20 billion (i.e. excluding prior period income of INR 690 million) in Q1FY2026.

The EBITDA came at INR 5.72 billion, net profit of INR 2.96 billion, up 24 percent YoY.

This company witnessed growth across its core product offerings, including switches, lighting, alloy wheels, seating, as well as its new-age EV systems and alternate fuel divisions.

Ravi Mehra, Managing Director, Uno Minda, said, “Q1 FY27 reinforces Uno Minda’s strategic trajectory as we continue to outperform the broader automotive market. The ongoing shift toward vehicle premiumisation, connected mobility, and electrification is fundamentally elevating per-vehicle content across segments. By aligning our R&D roadmap with these structural industry shifts and accelerating execution across our new-age platforms, we are not just participating in market growth—we are driving the technological evolution of the vehicle cabin. Backed by disciplined capital deployment and expanding capacity, we are exceptionally well-positioned to lead the next phase of mobility innovation”

Sunil Bohra, CFO, Uno Minda, added, “Q1 FY27 marks a historic milestone for Uno Minda, as we delivered our highest-ever quarterly revenues with 26% YoY growth and a 24% increase in PAT. While we navigated a challenging commodity pricing environment during the quarter, underlying demand across the automotive sector remains strong. Our resilient performance reflects the strength of our technology leadership, product diversification, and focus on operational efficiencies. Driven by multiple growth initiatives, strategic investments, and increasing momentum in our new-age businesses, we remain confident of delivering sustainable, profitable growth while creating long-term value for our shareholders and other stakeholders.”

Comments (0)

ADD COMMENT

Link Copied!

Automotive supplier BorgWarner has secured extensions for multiple high-voltage inverter programs with a European original equipment manufacturer (OEM). The contract covers inverter designs for plug-in hybrid and 800V battery-electric vehicle platforms, with the start of production planned for 2029.

Under the agreement, BorgWarner will supply updated high-voltage inverters for plug-in hybrid vehicles incorporating its Application-Specific Integrated Circuit (ASIC) technology, configured to interface with the OEM's vehicle operating system.

For 800V battery-electric applications, the company will supply traction inverters utilising its Viper silicon carbide (SiC) power switches paired with a dual-sided-cooled power module.

Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said, “Extending several high-volume programs at the same time confirms BorgWarner's leading position in power electronics and the strength of our technology, in-house expertise and customer focus. Evolving our inverters generation by generation together with our customers, for both hybrid and fully electric applications, is how we build trusted, long-term partnerships with the world's leading OEMs.”

The inverter families are developed to support power management across both hybrid and electric drive architectures.

Comments (0)

ADD COMMENT

Link Copied!

Automotive cable and shifter manufacturer Remsons Industries has appointed Rahul Prabhakar Desai as its new Chief Executive Officer, effective 3 August 2026. He succeeds Amit Srivastava, whose resignation takes effect at the close of business hours on 4 September 2026.

Desai comes with three decades of experience in automotive manufacturing, including 17 years in executive roles. Before joining Remsons Industries, he was Executive Director and Chief Executive Officer at Pinnacle Industries, overseeing five manufacturing facilities.

He previously served as Chief Executive Officer at CIE India, managing multiple business divisions and ten manufacturing plants, and held leadership positions at GKN Sinter Metals and Inteva Products.

Throughout his career, Desai has managed greenfield plant setups, manufacturing optimisation projects and supply partnerships with original equipment manufacturers. He holds a bachelor's degree in mechanical engineering, a Six Sigma Black Belt certification and has completed executive management training at the Indian Institute of Management Ahmedabad alongside technical programs in Japan and the United States.

Comments (0)

ADD COMMENT

Link Copied!

Pune-headquartered tier 1 supplier Varroc has appointed Eric Hamon as Chief Technical Officer, effective 3 August 2026. He joins the company with 25 years of engineering experience across the automotive sector.

Hamon comes with experience in electrification, electrical and electronic architectures, software-defined vehicle platforms, embedded software, functional safety and cybersecurity operations.

Before joining Varroc, Hamon was Director – E Axle & System Platforms at Valeo E, where he managed product strategy for electric axle platforms. His career includes work in system engineering, embedded hardware and software development, electric powertrains and regional engineering operations.

In his new role, he will report to Arjun Jain, Whole Time Director & CEO - Business I at Varroc. He will lead the company's global technology and engineering organisation, taking charge of technology strategy, product portfolio optimisation in electrification & connected systems and engineering process development.

Arjun Jain said, "We are delighted to welcome Eric Hamon to Varroc's leadership team. Eric brings a rare combination of deep technical expertise, global engineering leadership and a proven ability to translate technology into vehicle requirements. As our industry accelerates towards electrification, connectivity and sustainability, his leadership will play a pivotal role our accelerating growth."

Eric Hamon said, "I am excited to join Varroc at such a transformative time for the global automotive industry. The pace of innovation in electrification, software and connected mobility presents tremendous opportunities to redefine the future of mobility. Varroc has built a strong foundation of engineering excellence, customer trust and global manufacturing capability, and I look forward to working with talented teams across the world to accelerate innovation, deepen customer collaboration and develop technologies that enable safe, smart and sustainable mobility."

Comments (0)

ADD COMMENT

Link Copied!