Wednesday, October 4, 2023
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result

Consolidated profit at INR 41.14 crore, Auto News, ET Auto

by admin
August 7, 2022
in Market
0 0
0
Share on FacebookShare on Twitter


SF Holdings Q1 Results: Consolidated profit at INR 41.14 crore

Sundaram Finance Holdings (SF Holdings) has reported a consolidated web revenue at INR 41.14 crore up by 30.27% for the quarter ending June 30, 2022, the corporate mentioned on Thursday. The town-based firm had registered consolidated web revenue at INR 31.58 crore in corresponding quarter earlier yr.

For the yr ending March 31, 2022, the consolidated revenue was at INR 160.70 crore.

In an announcement, the corporate mentioned on the board assembly held on August 3, the Chairman of the Board, T T Srinivasaraghavan has relinquished his workplace and Harsha Viji succeeded him. Ananth Ramanujam was inducted as an extra director of the Board.

“I want to file our deep appreciation for T T Srinivasaraghavan for his in a position steering and management of SF Holdings from inception, a interval which included a number of important investments and transactions together with the acquisition of three way partnership companions’ stake in Brakes India and Wheels India…,” Viji was quoted as saying within the assertion.

Flometallic India Pvt Ltd and Brakes India Pvt Ltd, two of SF Holdings portfolio firms, have merged efficient July 27 and the merger was permitted by Nationwide Firm Legislation Tribunal, it mentioned.

Because of the merger, SF Holdings’ stake in Brakes India has elevated from 14.37% to 23.57%, making Brakes India as an affiliate firm.

SF Holdings primarily operates as a holding firm proudly owning a portfolio of automotive companies, together with foundries, wheels, brakes, turbochargers, axles and distribution of spare components.

The dividend from portfolio firms kinds a considerable a part of the monetary outcomes. The dividend acquired from portfolio firms was at INR 40.20 crore through the quarter ending June 30,2022, the assertion mentioned.

Okay Mahendra Kumar, the current Chief Monetary Officer of the corporate, has resigned and he can be relieved from the companies of the corporate on September 8, 2022. Meyyappan will take cost on the subsequent day.





Source link

Tags: AutoconsolidatedcroreINRNewsprofit

Related Posts

Market

BMW M is making Competition trims the standard M trims, dropping the name

October 3, 2023
Market

Oscar Meyer again renames its mobile back to Wienermobile

October 1, 2023
Market

2024 Lexus TX Price Starts At $55,050, Most Expensive TX Hybrid Tops $80K

September 30, 2023
Market

DOJ targets eBay over vehicle emissions defeat devices, pesticides, other toxins

September 28, 2023
Market

BMW Boss Oliver Zipse To Remain CEO Until 2026

September 29, 2023
Market

2024 Toyota Highlander Base Price Increases By $2,500, Nightshade Edition Added

October 2, 2023
Load More
Next Post

2023 VW ID.4 Debuts With New Base Trim Starting At $38,790

Recaps Of Three Local Arrests Involve Charges Of Family Violence, One Jail Inmate Assaulting Another Inmate, And Driving With An Invalid License With Five Prior Convictions - WTAW

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Auto News (2,565)
  • Automative Reviews (1,296)
  • Car Brands (1,422)
  • Insurance (2,248)
  • Market (1,123)
  • New Cars (1,309)
  • Technology (1,082)
  • Videos (1,499)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • US agency, California gathering details of accident involving robot taxi and pedestrian, ET Auto
  • Mercury Insurance says California’s bodily injury costs are rising
  • Porsche Worked On Mission X Concept “Until The Very Last Second”
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In