Chennai: Sundram Fasteners Limited has posted an increased net profit of Rs 97.36 crore for the quarter ended 30 September, 2020 as against Rs 71.07 crore during the same period in the corresponding previous year, an increase of 37 per cent.
With the gradual opening up of the economy post lockdown, there has been an upward trend in the OEMs production levels, the company said and added that it has efficiently managed its supply chain and operating costs.
The operations in its factories have gradually increased to three shifts to meet the improved demand. The company believes that the festive season and increased industrial activity augur well for the continued better performance.