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Home arrow News arrow Auto component arrow Sona Koyo Steering Systems Ltd Net Sales up 24% at Rs. 268.9 Crores
Sona Koyo Steering Systems Ltd Net Sales up 24% at Rs. 268.9 Crores Print E-mail
Written by Viswanath   
Wednesday, 03 August 2011
New Delhi: The Board of Directors of Sona Koyo Steering Systems Ltd, India’s largest manufacturer and supplier of Steering Systems, in its meeting held on 02 August, 2011 has taken on record the Un-audited Financial Results for the First Quarter ended 30th June, 2011.

On standalone basis for the quarter ended 30th June 2011, Net Sales have grown by 24% to reach Rs. 268.9 Crores from Rs. 216.5 Crores. PAT is at Rs. 9.2 Crores against Rs. 5.5 Crores during the same period last year. EBITDA improved to Rs. 29.8 Crores against Rs. 23 crores during the same period last year.

On consolidated basis for the quarter ended 30th June 2011, Net Sales have grown by 45% to Rs. 337.5 Crores from Rs. 232 Crores during the same period last year and Profit after Tax & Minority Interest is at Rs. 15.7 Crores against Rs. 4.2 Crores during the same period last year. EBITDA improved to Rs 50.6 Crores against Rs. 25.8 Crores during the same period last year.

SONA KOYO Steering Systems Ltd. (SONA) is the flagship company of the SONA Group of Companies. The company is India’s largest manufacturer of steering systems and is the supplier of choice to major auto manufacturers with over 45% domestic market share, supplying steering gears, columns and RPS assemblies to almost all Indian passenger car and utility vehicle manufacturers.

The SONA Group comprises the following companies; Sona Okegawa Precision Forgings Ltd., Sona BLW Prazisionsschmiede GmbH, Sona Somic Lemforder Components Ltd., Mahindra Sona Ltd, Sona Mobility and Sona e-Design Ltd.

 
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