Sona Koyo result for year ended 31st March 2014
India’s Sona Koyo Steering Systems Ltd in tech and financial Collaboration with JTEKT Corporation’, Japan in its meeting on 30th May, 2014 reported its Financial Results for the Q4 and annual results (Audited) ended 31st March, 2014.
For the quarter ended 31st March, 2014, net sales increase stood at 7.2% to Rs. 281.9 Crores from Rs. 262.9 Crores when compared with the preceding quarter ended December 2013.Profit after Tax for the quarter is Rs. 10.6 Crores against Rs. 36.9 Crore (including exceptional item on account of sale of non-current trade investment) compared with preceding quarter ended December 2013.
For the year ended 31st March 2014, Sona Koyo net sales declined by 6.9% to Rs. 1034.9 Crores from Rs. 1111.8 Crores when compared to the same period last year. Profit after Tax is at Rs. 51.6 Crores against Rs. 30.6 Crores during the same period last year.
For the year ended 31st March 2014, net sales on a consolidated basis have increased by 2.2% to Rs. 1483.1 Crores from Rs. 1451.7 Crores during the last year. Profit after Tax, Minority Interest and share of associate is at Rs. 67.7 Crores against Rs. 38.0 Crores during the last year. For teh current year, Sono koyo Board of Directors has recommended final dividend of Re. 0.80 per equity share of Rs. 1 each (subject to approval of shareholders).