Sundram Fasteners shares declined as much as 7.86% to an intraday low of ₹993.25 despite reporting strong financial performance for Q2 FY27. According to reports from NDTV Profit, the stock was trading 3.58% lower at ₹1,039.45 at 10:04 am, while the BSE Sensex was trading 0.3% higher at 73,475. The market reaction contrasted sharply with the company's financial results, which showed robust growth across key metrics.
The auto components manufacturer delivered impressive growth in its September 2026 quarter results. Consolidated revenue from operations increased 30% year-on-year to ₹1,985 crore from ₹1,521 crore in the corresponding period last year. As reported by NDTV Profit, consolidated net profit rose 13% YoY to ₹173 crore from ₹153 crore, with consolidated earnings per share standing at ₹8.19 compared with ₹7.18 in the year-ago quarter. On a standalone basis, revenue from operations increased 32% YoY to ₹1,761 crore from ₹1,338 crore, while net profit reached ₹160 crore, registering 14% growth from ₹140 crore.
The company demonstrated strong international performance with significant growth in export markets. Domestic sales grew 23% to ₹1,173 crore compared with ₹957 crore in the year-ago period, according to NDTV Profit reports. Exports rose 57% to ₹531 crore compared with ₹338 crore in the corresponding period, buoyed by favourable customer demand. Despite higher raw material and indirect material prices, EBITDA increased 14% to ₹277.58 crore from ₹243.67 crore. Standalone profit before tax rose 15% YoY to ₹214.76 crore, while net profit increased 14% to ₹159.98 crore from ₹140.27 crore.
The company incurred ₹281 crore as capital expenditure for the half-year ended September 30, 2026, in line with its planned capital expenditure for the financial year 2026-27. As reported by NDTV Profit, these investments will help the company scale in non-auto, EV, hybrid and adjacent spaces. The company's board declared an interim dividend of ₹4.05 per share, equivalent to 405% for the financial year 2026-27, with the record date fixed as November 6, 2026.
