Sundram Fasteners Ltd. has approved payment of second interim dividend of 80 percent of Re.0.80 per equity share of Re.1 each for the fiscal year 2013.
The Board did not recommend any final dividend for the financial year ended March 31, 2013.
For the fiscal year, the company reported a stand-alone net profit of Rs.95.06 crore, down by 16 percent from the Rs.112.60 crore in 2012. Total net income, including other operating income, stood at Rs.2,069.42 crore, compared with Rs.2,146.64 crore last year, a decline of four percent.
On a consolidated basis, its fiscal year net profit, after minority interest and share of associates, was Rs.92.94 crore, lower by seven percent than the Rs.99.57 crore in FY12. Total net income, including other operating income, totaled Rs.2,650.99 crore, down by four percent than the Rs.2,770.16 crore a year-ago.
At the BSE, Sundram Fasteners closed Thursday's trading at Rs.36.45, down 2.93 percent from the previous close.
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