Sundram Fasteners Ltd reported its “best ever performance” for the fiscal year ended March 31. Total revenue rose 15.7% to Rs. 3,425.73 crores. Pre-tax profit gained 17.6% to Rs.650.36 crores, while net profit increased 16.5% to Rs.367.47 crores.

The India-based fastener manufacturer reported domestic sales improved 16.9% to Rs.2,146.76 crores “in the light of increase in production of passenger vehicles, utility vehicles, light commercial vehicle and two wheelers.”

Export sales during fiscal 2018 rose 9.65 to Rs.1,144.46. The company said it has achieved a double digit compounded annual growth rate (CAGR) of sales for the last five years.

For the final quarter, Sundram reported revenue increased 21.6% to Rs. 962.79 crores, while net profit gained 8.6% to Rs. 95.22 crores.

Company Sundram Fasteners (Zhejiang) Ltd (SFZL), operating in Zhejiang, China, has established a foundry facility with an initial capacity of 10,000 MT as a part of backward integration to SFZL’s products. Web: Sundram.com