Moneycontrol PRO
HomeNewsBusinessStocksSundaram Brake hits 52-week high, up 8% on profits in Q1

Sundaram Brake hits 52-week high, up 8% on profits in Q1

The company has registered net profit of Rs 30 lakh in the Q1FY17 against loss of Rs 3.4 crore, in the same quarter of last fiscal year.

August 23, 2016 / 13:27 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Moneycontrol BureauShares of Sundaram Brake Linings touched a 52-week high of Rs 439.90, gains 8.7 percent intraday Tuesday as it turned profitable in the June quarter.The company has registered net profit of Rs 30 lakh in the Q1FY17 against loss of Rs 3.4 crore, in the same quarter of last fiscal year.It total income was up 9.4 percent at Rs 64.2 crore.The EBITDA of the company was at Rs 2 crore against EBITDA loss of Rs 70 lakh.The company's other income increased to Rs 40 lakh from Rs 20 lakh.At 13:07 hrs Sundaram Brake Linings was quoting at Rs 414.50, up Rs 9.90, or 2.45 percent on the BSE.Posted by Rakesh Patil

    first published: Aug 23, 2016 01:27 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347