Sona Koyo Steering YTD (Dec 07) sales up 21%
The Board of Directors of Sona Koyo Steering Systems Ltd. (SONA) India’s largest manufacturer and supplier of Steering Systems, in their meeting held on 18th January, 2008 has taken on record the un-audited Financial Results for the Third Quarter ended 31st December, 2007.
In the Q3 ’08 ended 31st December 2007, SONA, has seen an 15% growth in sales to Rs. 172 Crores compared to Rs. 150 Crores, over the same period last year. During the Quarter, EBITDA has risen by 29% to Rs. 19.3 Crores from Rs. 15 Crores during the same period in the previous year. Profit After Tax is Rs. 7.32 Crores compared to Rs. 6.63 Crores a growth of 10.41% for the period under consideration.
During the nine-month period April 07 – Dec 07 sales have grown 21% up to Rs. 489 Crores from Rs. 404 Crores during the same period last year. EBITDA has grown by 32% up to Rs. 55 Crores from Rs. 42 Crores. PAT has jumped by 44% up to Rs.24 Crores up from Rs. 16.7 Crores during the nine-month period.
Sourced From: Avian Media
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