Steering Systems manufacturer Sona Koyo Steering Systems Limited has witnessed increase in net sales by 7.2% to Rs 281.9 crore for the quarter ended 31 March 2014 against Rs 262.9 crore reported during the preceding quarter ended December,2013. Profit after Tax for the quarter is Rs 10.6 crore against Rs 36.9 crore (including exceptional item on account of sale of non current trade investment) during the preceding quarter ended December 2013.
For the year ended 31st March 2014, net sales has declined by 6.9% to Rs 1034.9 crore from Rs 1111.8 rore during the same period last year and Profit after Tax is at Rs 51.6 crore against Rs 30.6 crores during the same period last year.
On a consolidated basis, for the year ended 31st March 2014, net sales has increased by 2.2% to Rs 1483.1 crore from Rs 1451.7 crore during the last year and Profit after Tax, Minority Interest and share of associate is at Rs 67.7 crore against Rs 38 crore during the last year.
