Sundram Fasteners Limited FY26 Annual Results and 63rd AGM Notice
Financial Performance Overview
Sundram Fasteners reported strong financial results for FY26 with standalone revenue of ₹5,542.06 crores (up from ₹5,209.74 crores in FY25) and net profit of ₹580.38 crores (compared to ₹517.01 crores in previous year). Basic EPS stood at ₹27.62. On a consolidated basis, the company achieved revenue of ₹6,288.82 crores with net profit attributable to owners of ₹591.18 crores.
Key Financial Metrics
Standalone Position:
- Total Revenue: ₹5,612.15 Crores
- Profit Before Tax: ₹767.41 Crores
- Total Assets: ₹5,937.43 Crores
- Borrowings reduced to ₹447.60 crores from ₹596.51 crores
- Current ratio improved to 2.24 (FY25: 1.98)
- Return on equity: 15.07%
Consolidated Performance:
- Revenue from sale of products: ₹6,227.43 crore
- Geographic revenue breakdown: India (₹4,295.26 crore), Americas (₹1,130.12 crore), China (₹362.19 crore), Rest of World (₹501.25 crore)
- Total financial assets: ₹1,852.17 crore
Dividend Declaration
The Board declared two interim dividends totaling ₹8.00 per share (800%) for FY26, comprising first interim of ₹3.75 (paid November 20, 2025) and second interim of ₹4.25 declared post reporting period.
AGM and Corporate Governance
The 63rd Annual General Meeting was convened on June 24, 2026 via video conference without physical presence. Key resolutions included adoption of financial statements, reappointment of Ms Arundathi Krishna as director, and ratification of cost auditor remuneration. Shareholder voting was conducted electronically through NSDL with scrutinizer appointment for vote verification.
Subsidiaries and Segment Reporting
The Group operates primarily in automotive components manufacturing across India, Americas, China, and Rest of World markets. It consists of multiple subsidiaries including TVS Upasana Limited, TVS Next Limited, Sundram Fasteners Investments Limited, and international operations in UK, USA, and China. Subsidiaries contributed 13.14% to consolidated revenue.
Risk Management and Compliance
The company maintained robust risk management practices with foreign currency sensitivity analysis showing ±5% change would impact profit by ₹18.21 crore. Interest rate sensitivity indicated ±1% change would affect profit by ₹5.13 crore. The financial statements were prepared in compliance with Companies Act, 2013, Indian Accounting Standards (Ind AS), and SEBI Listing Regulations, with unmodified audit opinion from B S R & Co. LLP.
ESG and Sustainability Reporting
Comprehensive Business Responsibility and Sustainability Report included with reasonable assurance on BRSR Core indicators by PKF Sridhar & Santhanam LLP. Detailed environmental disclosures covered energy consumption (14,30,564 GJ), water withdrawal (6,54,163 KL), and GHG emissions (101,367 tCO2e). Social metrics included employee wellbeing, training, and diversity statistics.
Corporate Social Responsibility
CSR spending amounted to ₹13.53 crore against required ₹13.64 crore, allocated to education (₹7.31 crore), healthcare (₹2.86 crore), mental health education (₹2.00 crore), and other initiatives.
Subsequent Events and Outlook
The Board declared second interim dividend of ₹4.25 per equity share on April 30, 2026. The company maintained strong financial position with reduced borrowings and improved liquidity, positioning itself for continued growth in the auto components sector.