Sundaram Brake Linings zooms 20% on robust Q4 results

 

Sundaram Brake Linings zooms 20% on robust Q4 results

  Sundaram Brake Linings is locked in upper circuit of 20% at Rs 288 on the BSE after the company reported net profit of Rs 2.62 crore for the quarter ended March 31, 2016 (Q4FY16), on back of strong operational performance.

The auto parts & equipment maker had net loss of Rs 8.43 crore in the same quarter previous year.

Income from operations rose by 5.4% to Rs 57.67 crore against Rs 54.69 crore in the corresponding quarter of previous fiscal.

The company reported Ebitda (earnings before interest, taxes, depreciation and amortization) profit of Rs 2.13 crore during the quarter under review against loss of Rs 70 lakh in previous year quarter.

For the financial year 2015-16 (FY16), Sundaram Brake Linings posted net profit of Rs 27 lakh against a net loss of Rs 15 crore in FY15.

Till 02:43 PM, a combined 208,536 shares changed hands and there were pending buy orders for 33,666 shares on the NSE and BSE.