Left Menu
Development News Edition

Sundaram-Clayton Ltd posts 23.43% rise in fourth quarter standalone net

PTI | Chennai | Updated: 29-05-2020 15:52 IST | Created: 29-05-2020 15:52 IST
Sundaram-Clayton Ltd posts 23.43% rise in fourth quarter standalone net

Chennai, May 29 (PTI): Sundaram-Clayton Ltd, a leading supplier of aluminium die-cast products has clocked a 23.43 per cent rise in its standalone profits for the January-March 2020 period at Rs 62.05 crore. The city-based TVS Group company had registered net profits at Rs 50.27 crore during corresponding quarter previous year.

For the full year ending March 31, 2020, net profits stood at Rs 68.70 crore, the company said in a BSE filing. The net profits registered in the corresponding period last year stood at Rs 119.66 crore.

Total income for the quarter under review was at Rs 394.77 crore as against Rs 455.65 crore registered in the same period last fiscal. For the full year ending March 31, 2020 standalone total income slipped to Rs 1,424.14 crore from Rs 1,932.94 crore registered in the corresponding period last fiscal.

The company said its 58th annual general meeting would be held through video conference on July 30. On the impact of COVID-19 in operations, the company said it had closed the manufacturing facilities and offices on March 23 following the coronavirus-enforced lockdown.

The company has obtained required permissions and restarted the manufacturing facilities and offices 'partially' it said. Based on discussions with customers, vendors, the company was confident of obtaining regular supply of raw materials and components resuming supply chain logistics, it added.PTI VIJ SS PTI PTI


TRENDING

OPINION / BLOG / INTERVIEW

Why COVID-19 is unstoppable in USA despite it being ranked at the top of GHS Index?

Several worst-hit countries such as Italy, France, Spain, the UK, Canada, and Russia have peaked COVID-19 cases in April. Almost all of them have gradually flattened the curve. However, the USA is setting new daily records of infections tha...

COVID-19 seems cooking biggest ever global scam

The increasing number of corruption cases on COVID-19 funds from throughout the world and involvement of high profile persons indicate that the countries cant ignore corruption in their pandemic response programs. This has generated the nee...

Health Management Information Systems lack holistic, integrated, and pandemic resilient character

Being a part of the United Nations system, the World Health Organization WHO deserves its share of rebuke for its alleged failure issue COVID-19 health emergency alerts on appropriate time. However, the pandemic has also exposed loopholes i...

Pride in the time of coronavirus: a welcome move online?

This year is different in many ways not least as celebrations are also taking place against the dramatic backdrop of a global health crisis and a resurgence in grassroots activism following the death of George Floyd in Minneapolis. ...

Videos

Latest News

Malaysia's top court hears contempt bid against news portal

Malaysias top court on Monday heard a rare contempt charge by the attorney general against a popular online news portal for publishing readers comments that criticized the judiciary, a move slammed by media groups as a clampdown on press fr...

HRC renews agreement with Alex Márquez till 2022

Honda Racing Corporation HRC has renewed its agreement with Spanish rider Alex Mrquez, handing him an extension till the end of 2022. During the 2020 season, the former Moto3 and Moto2 World Champion will race in the premier class aboard hi...

Canon Launches Brand New Revolutionary Full-frame Mirrorless Cameras EOS R5 & EOS R6 in India

GURUGRAM, India, July 13, 2020 PRNewswire -- Canon India, today unveiled its much-anticipated full-frame mirrorless cameras- the EOS R5 and EOS R6. Expanding the EOS R system, the newly launched products are equipped with game changing revo...

Wipro has no plan to lay off employees due to pandemic: Rishad Premji

Wipro Chairman Rishad Premji on Monday said the company has not laid off any employee due to the COVID-19 impact and has no plans to do so for now. Premji said this in response to a question by a shareholder at the 74th annual general meeti...

Give Feedback