Sundaram Fasteners Ltd which is a TVS Group company, has posted a 63.3 percent increase in its standalone net profits for the third quarter ending December 31, 2016 to Rs 75.34 crore.

The company had posted a net profits at Rs 46.11 crore in the corresponding quarter of last year.

The net profit of the company for nine month period ending December 31, 2016 increased to Rs 227.82 crore from Rs 126.79 crore registered during the corresponding quarter of last year.

For the October-December 31, 2016 quarter, the total income from operations, grew to Rs 709.32 crore from Rs 613.90 crore registered during the year ago period.

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