Sona Koyo PAT up 61 pc at Rs 16.2 cr
Sona Koyo Steering Systems, the flagship company of the Sona Group, on Wednesday reported 61 per cent jump in profit after tax at Rs 16.2 crore in the quarter ended March 31, as against Rs 10.1 crore for the corresponding period last year.
By PTI |
NEW DELHI: Sona Koyo Steering Systems, the flagship company of the Sona Group, on Wednesday reported 61 per cent jump in profit after tax at Rs 16.2 crore in the quarter ended March 31, as against Rs 10.1 crore for the corresponding period last year.
Gross sales of the leading maker of steering systems soared 83 per cent to Rs 214 crore in the three months ended March 31, as compared to Rs 116.9 crore for the same period in 2006, a company statement said.
On annual basis, the company recorded 71 per cent growth in PAT at Rs 27.71 crore over Rs 16.25 crore last year, while gross sales grew 72 per cent at Rs 705 crore from Rs 410 crore registered in the year ended March 31, 2006.
Meanwhile, Sona Koyo Steering Systems said its Board of Directors has recommended 35 per cent on over 9.69 crore equity shares of Rs 2 each (post bonus issue of 1:1), which also includes 46.16 lakh shares, for year ended March 31.
The dividend outflow has gone up to Rs 6.79 crore, from Rs 4.40 crore last year, it added. The company said it has assumed that its warrant holders would exercise their option for conversion of fully convertible warrants, which is due in April.
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