Sona Koyo Q4 PAT up 34% at Rs 15.8 crore

NEW DELHI: Auto component-maker Sona Koyo Steering Systems today said its profit after tax ( PAT) rose by 33.89 per cent to Rs 15.8 crore for the quarter ended March 31, 2012.

The company had posted a profit after tax of Rs 11.8 crore in the year-ago period, Sona Koyo Steering Systems said in a statement.

Net sales of the company stood at Rs 345.6 crore for the quarter against Rs 291.7 crore in the same period previous fiscal.

The company's Board of Directors has recommended a final dividend for the year ended March 31, 2012, at the rate of 65 per cent (i.e. Rs 0.65 per equity share) on 19,87,41,832 equity shares of Re 1 each, it added.

Sona Koyo Steering Systems is the country's largest manufacturer of steering systems, it added.

Shares of Sona Koyo Steering Systems today closed at Rs 13.26 on the BSE, down 1.85 per cent from its previous close.