Growth in Sona Koya Steering System!

By By: Vicky.in

Published: Friday, April 29, 2011, 14:03 [IST]

Sona Koyo Steering Systems Ltd. (SONA), in Technical and Financial Collaboration with world"s top Steering System manufacturer viz. 'JTEKT Corporation", Japan (formerly Koyo Seiko Co.Ltd.) has announced the annual reports after its meeting held on 28th April, 2011 has taken on record the audited Financial Results for the Fourth Quarter & Annual Results ended 31st March, 2011.

The net sales have increased 41 percent to Rs.1203 Crores for the year ended 31st March 2011from Rs. 853 Crores during the same period last year and the PAT is at Rs. 44.63 Crores against Rs. 16.95 Crores of the previous year which is a growth of 163 percent.

Further with the growth style in the last Three Quarters, F11 Q4 sales of Rs.291.74 crores were 6.94 percent higher than F11 Q3 sales of Rs. 272.80 Crores. And the Profit After Tax (PAT) for F11 Q4 stands at Rs.11.79 Crores against Rs. 12.56 Crores in F11 Q3.

Also, the net Sales have grown 20.74 percent to Rs.291.7 crores in Q4 F11 v/s Rs.241.63 crores in Q4 F10 in a Quarter to Quarter comparison for the same period last year. Adding, the Profit After Tax (PAT) for Q4 F11 is at a profit of Rs. 11.79 crores against Rs. 10.16 crores during the corresponding period of the previous year. A Dividend of 65 percent has been declared by the Board of Directors.

Article Published On: Friday, April 29, 2011, 13:21 [IST]

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