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Tune in on 17th July for the Small Business Virtual Summit with Cisco. Register now!
Last Updated : May 20, 2016 05:35 PM IST | Source: CNBC-TV18

There is no uptick in exports for co: Sundram Fasteners

Its outstanding loans as of March 2016 stand at Rs 580 crore. The company's debt has reduced by Rs 150 crore, says S Meenakshisundaram, CFO, Sundaram Fatseners.

Sundram Fasteners' net-profit stands at Rs 75.4 crore against Rs 16 crore in the fourth quarter ended March. The company's FY16 margins improved by 1 percent, said S Meenakshisundaram, CFO of the company.

Speaking to CNBC-TV18, Meenakshisundaram said 60 percent of the company's total loan book is on foreign capital.

Its outstanding loans as of March 2016 stand at Rs 580 crore. The company's debt has reduced by Rs 150 crore, he added.

There is no uptick in exports for Sundaram Fasteners, he said.

For entire interview, watch accompanying video.
First Published on May 20, 2016 01:46 pm
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