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. 
 

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Tier 1 automotive supplier Tata AutoComp Systems has inaugurated two new manufacturing facilities in Sanand, Gujarat. The expansion includes one plant for TM Automotive Seating Systems and another for TACO Air International Thermal Systems.

The commencement of these operations brings Tata AutoComp’s total presence in the Sanand manufacturing hub to more than eight plants. The facilities are intended to support Original Equipment Manufacturers (OEMs), including Tata Motors and the company's export operations.

The new units are part of a strategy to provide proximity to customers and leverage the local vendor ecosystem. This move aims to enable deeper localisation, reduce lead times and increase supply chain resilience for next-generation mobility platforms.

Arvind Goel, Vice-Chairman, Tata AutoComp Systems, said, "These new facilities mark a significant milestone in Tata AutoComp’s strategic growth, enhancing our ability to support OEM partners and respond effectively to evolving platform requirements. Sanand, as a long-term manufacturing hub, provides proximity to key customers and a strong vendor ecosystem, enabling deeper localization, faster lead times, and a more resilient supply chain. We are expanding our capabilities to deliver world-class quality and operational excellence to our customers. Building on this momentum, we plan to establish several additional plants across India this year, further strengthening our footprint and capacity to meet the future needs of the automotive industry."

Manoj Kolhatkar, MD & CEO, Tata AutoComp Systems, added, “These future-ready plants are designed to advance sustainability and deliver auto component solutions aligned with next-generation mobility platforms in India, enabling us to proactively address the evolving needs of our customers and the industry. People, quality, safety and environment will remain the cornerstones of our manufacturing excellence as we expand and set up new plants across the country to Make in India.”

Sudhir Chikhle, Chief Purchasing Officer, Tata Motors (PV & EV), said, "Tata AutoComp has been a valued partner to Tata Motors Limited, consistently demonstrating a strong customer-centric approach, responsiveness, and reliability. Their collaborative mindset and ability to support us across programs have contributed immensely to our operational and business objectives."

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Nippon Paint India, a member of the NIPSEA Group, has appointed Jenender Anand as Vice-President of its Automotive Refinish (NPIAR) business. Anand will oversee the automotive refinish portfolio in India, as well as operations for Nippon Paint Nepal and the IndoKote business.

The appointment is part of the company's ‘India-focused’ strategy and follows the implementation of a unified operating model. He will report to Sharad Malhotra, Managing Director of the Nippon Paint (India) Group.

Anand comes with over three decades of experience in marketing, business development and operations. He has worked extensively with Original Equipment Manufacturers (OEMs) in the passenger vehicle, commercial vehicle and two-wheeler sectors.

Prior to joining Nippon Paint India, he was the President of the Automotive and Power Cable Vertical at Svarn Group. He has also held senior leadership positions at Exxon Mobil Lubricants India and also worked with Goodyear India, MRF Tyres, Shriram Pistons & Rings and Revolt Motors in the past.

The leadership change is intended to integrate the group’s automotive and industrial segments under a single framework. Anand will be responsible for strategic direction, governance and revenue growth across the designated regions.

Sharad Malhotra said, “Jenender’s appointment strengthens our leadership depth at a critical phase of our India journey. His extensive experience across automotive and industrial ecosystems, combined with his ability to build and integrate high-performing teams, will be valuable as we scale our Indian Automotive Refinish, Nepal and IndoKote businesses under a unified and disciplined operating framework.”

Jenender Anand added, “I view this as a strong platform to drive meaningful impact by leveraging my experience in OEM engagement and strategic market expansion. With a structured approach, I am confident we can unlock new value through operational excellence and stronger customer alignment. I look forward to contributing to the broader organisational vision and driving sustainable revenue growth.”

The move aligns with the group's ‘OneNess’ initiative, which aims to synergise capabilities across its manufacturing and service divisions in India.

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Marking a substantial expansion of its production footprint, Taural India has commissioned a new advanced aluminium sand casting facility in Supa, Maharashtra. This strategic development, inaugurated by Maharashtra Chief Minister Devendra Fadnavis, establishes a second manufacturing hub for the company following its initial plant in Pune, reinforcing the region's profile in sophisticated industrial casting.

Encompassing 30 acres, the facility is engineered to meet exacting global standards, employing automation, digital controls and rigorous quality systems. It is dedicated to producing intricate, high-precision aluminium components destined for critical sectors including aerospace, defence, railways, energy, mobility and industrial infrastructure. This investment significantly boosts the company's capacity to cater to domestic and international market demand.

The project delivers considerable socio-economic benefits, anticipating the creation of over 1,200 direct jobs alongside numerous indirect opportunities in local supply chains and support services. By anchoring advanced manufacturing in a Tier II location, the initiative fosters skilled employment in regional communities, alleviating urban migration pressures and supporting balanced industrial growth across the state.

Originating from a Memorandum of Understanding signed at the 2025 World Economic Forum in Davos, the plant's journey from commitment to operational reality within a single year highlights Maharashtra's effective project execution capabilities. This timely development strengthens the state's position as a competitive manufacturing destination and aligns with national objectives to integrate more deeply into global value chains.

Chief Minister Devendra Fadnavis said, “Taural India’s journey stands as a powerful example of how Indian entrepreneurs can build globally competitive, world-class manufacturing enterprises rooted in innovation, partnerships and purpose. Facilities such as Supa also play an important role in driving growth beyond metro cities and supporting the state’s long-term economic ambitions.”

Bharat Gite, Founder and CEO, Taural India, said, “This facility represents the next phase of our manufacturing journey in India. It strengthens indigenous aluminium casting capability, creates skilled employment in regional markets and demonstrates that Indian enterprises can build and scale high-precision manufacturing at global standards while contributing meaningfully to local communities.”

Lothar Thoni, JV Partner, Taural India and Owner, Thoni Alutec, said, “India is increasingly central to global manufacturing strategies. Facilities like Supa show how global engineering standards and local execution can come together to build sustainable manufacturing capability at scale, a model that international manufacturers can confidently invest in.”

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Bonfiglioli Transmissions has announced the appointment of Ravindra Pisharody as Chairperson and Independent Director. The company also appointed Sundaresan Ananthanarayanan and Rossella Schiavini as Independent Directors to its board, effective February 2026.

These changes aim to enhance governance and strategic oversight for the provider of mechanical and electro-mechanical power transmissions.

Ravindra Pisharody, who has served on the company’s board since 2018, takes over as Chairperson. An alumnus of IIT Kharagpur and IIM Calcutta, Pisharody has 36 years of experience in marketing and sales. His career includes leadership roles at Tata Motors, Philips India, BP India and BP Singapore.

As of 31 December 2025, he holds directorships in several companies, including Muthoot Finance and Happy Forgings.

Sundaresan Ananthanarayanan joins the board with a background in electrical and mechanical engineering. He previously held a role at Ammann India, where he worked within the infrastructure and industrial equipment sector. His appointment is intended to provide perspective on industrial systems and manufacturing operations.

Rossella Schiavini brings international experience in corporate governance and finance. A graduate of the London School of Economics and Political Science, she has over seven years of board-level experience. Her previous associations include BPER Banca and Immobiliare Grande Distribuzione SIIQ. Schiavini’s expertise lies in risk management and strategic decision-making within global organisations.

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