| Sundaram Clayton net profit up 73% in Q2 2011, driven by exports |
| Written by Krishna Kumar | |
| Wednesday, 09 November 2011 | |
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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. |