Update: Sona Koyo Steering Systems un-audited results for period ended 31st December 2012

Sona Koyo Steering Systems un-audited results for period ended 31st December 2012. ona Koyo Steering systems limited is the largest manufacturer of steering components in India and is in collaboration with JTEKT Corporation a Japan based steering system manufacturer.

Sona koya

Sona Koyo Steering systems limited is the largest manufacturer of steering components in India and is in collaboration with JTEKT Corporation a Japan based steering system manufacturer. During a meeting held on 29th January 2013, Sona Koyo Steering Systems Ltd revealed its figures for un-audited results pertaining to the period which ended on 31st December 2012.

For the third quarter and nine months period that ended on 31st December 2012, registered a net sales growth of 13.8% as also Profit after Tax and Minority Interest of 9.4 crores. During the nine month period that ended on 31st December 2012, sales growth was registered at 6.7% while Profit after Tax and Minority Interest was registered at 24.6 crores as compared to the similar period last year. These were results on a consolidated basis that were revealed by the company.

On a standalone basis, net sales for the quarter were registered at 9.45 while Profit after tax was registered at 6.8 crore respectively. The nine month period registered net sales growth of 2.6% and PAT of 19 crores as compared to the similar period last year.

On Consolidated basis:

For the quarter ended 31st December 2012, Net Sales increased by 13.8% to Rs. 358.7 Crores from Rs. 315.2 Crores during the same period last year and Profit after Tax & Minority Interest is at Rs. 9.4 Crores against Rs. 10.1 Crores during the same period last year.

For the Nine Months ended 31st December 2012, Net Sales have grown by 6.7% to Rs. 1053.9 Crores from Rs. 987.3 Crores during the same period last year and Profit after Tax & Minority Interest is at Rs. 24.6 Crores against Rs. 29.7 Crores during the same period last year.

On Standalone basis:

For the quarter ended 31st December 2012, Net Sales Increased by 9.4% to reach Rs. 273.7 Crores from Rs. 250.2 Crores against the same period last year. PAT is at Rs. 6.8 Crores against Rs. 7.0 Crores during the same period last year.

For the Nine Months ended 31st December 2012, Net Sales marginally increased by 2.6% to reach Rs. 810.1 Crores from Rs. 789.7 Crores against the same period last year. PAT is at Rs. 19 Crores against Rs. 23.0 Crores during the same period last year.