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Home arrow Auto component arrow Sundaram Clayton net profit up 73% in Q2 2011, driven by exports
Sundaram Clayton net profit up 73% in Q2 2011, driven by exports Print E-mail
Written by Krishna Kumar   
Wednesday, 09 November 2011
Chennai: Sundaram-Clayton Limited (SCL) registered a net profit of Rs. 16.40 crore in the quarter ended September 2011, a 73 percent increase from Rs. 9.48 crore during the same period last fiscal. This was driven by an increase in volume of business from the export markets.

The company registered sales of Rs 240.8 crore in the quarter ended September 2011, an increase of 27 percent from Rs 188.9 crore during the same period last fiscal. Exports constituted around 38 per cent of sales this quarter, primarily from North America and Europe. This is an increase of 56 percent from export sales during the same period last fiscal.

Sundaram-Clayton develops and manufactures air brake components and systems and aluminum castings. It is a leading supplier to the national original equipment (OE) manufacturers and aftermarket, and also serves some export markets. The company exports castings for heavy commercial vehicles to Cummins group and Volvo.

The company registered profits before tax (PBT) of Rs 19.41 crore in the quarter ended September 2011, an increase of 82 percent from Rs 10.65 crore during the same period last fiscal.

The depreciation this quarter was Rs 12.69 crore compared to Rs 10.18 crore, during the same period last fiscal. This is on account of the capital intensive nature of the die-casting business.

 
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