The Hindu Business Line
Sundaram Clayton FY 12 profit up 64%
Edited by : AL CIRCLE
2 min read
Sundaram Clayton's total turnover rose 28 per cent to Rs 1,034 crore for the year ended March 31, 2012, from Rs 809 crore in the previous year.
The net profit for the year jumped 64 per cent to Rs 61.16 crore; and net sales grew by 29.46 per cent to Rs 990 crore.
Mr H. Lakshmanan, Executive Director, said: “Many new orders also materialised this year from companies like Daimler. New orders accounted for 10-12 per cent of total business. There was also an increase in existing orders. We also got good export orders from Volvo.”
There was good volume growth this year – from 32,000 tonnes last year to 36,000 tonnes.
For the fourth quarter, net profit rose 46 per cent to Rs 22.93 crore. Net sales rose 27 per cent to Rs 271.36 crore, over the corresponding quarter last year.
The board of Sundaram Clayton has declared an interim dividend of Rs 5.75 a share for the financial year ended March this year. This will absorb a sum of around Rs 23.89 crore , including dividend distribution tax.
The interim dividend is at Rs 5.75 a share on 3,79,35,168 equity shares of Rs 5 each fully paid-up.
Sundaram Clayton, which has traditionally made die-castings using aluminium, is engaged in trial production of magnesium die-castings. Being lighter than other metals, magnesium occupies a higher place in the value chain, over aluminium and iron.
The net profit for the year jumped 64 per cent to Rs 61.16 crore; and net sales grew by 29.46 per cent to Rs 990 crore.
Mr H. Lakshmanan, Executive Director, said: “Many new orders also materialised this year from companies like Daimler. New orders accounted for 10-12 per cent of total business. There was also an increase in existing orders. We also got good export orders from Volvo.”
There was good volume growth this year – from 32,000 tonnes last year to 36,000 tonnes.
For the fourth quarter, net profit rose 46 per cent to Rs 22.93 crore. Net sales rose 27 per cent to Rs 271.36 crore, over the corresponding quarter last year.
The board of Sundaram Clayton has declared an interim dividend of Rs 5.75 a share for the financial year ended March this year. This will absorb a sum of around Rs 23.89 crore , including dividend distribution tax.
The interim dividend is at Rs 5.75 a share on 3,79,35,168 equity shares of Rs 5 each fully paid-up.
Sundaram Clayton, which has traditionally made die-castings using aluminium, is engaged in trial production of magnesium die-castings. Being lighter than other metals, magnesium occupies a higher place in the value chain, over aluminium and iron.
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