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MOTORINDIA
l
June 2012
ment is a flagship programme and the
Government is committed to provide
uninterrupted road connectivity in all
parts of the country. She also urged Dr.
Joshi to exempt the daily commuters
of peripheral area from toll tax at the
newly set-up toll plaza.
Mr. Prakash Singh Badal, Punjab
Chief Minister, and Mr. Bhupinder
Singh Hooda, Haryana Chief Minister,
conveyed their gratitude to the Union
Minister for connecting Punjab, Harya-
na and Himachal Pradesh with the new
Himalayan Expressway from Zirakpur
to Parwanoo section.
Mr. Randeep Singh Surjewala, Har-
yana PWD Minister, highlighted the
issues related to construction of new
flyovers and underpasses in the State.
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road transportation
SonaKoyoSteering’s
growingmarket share
Sona Koyo Steering Systems
Ltd., the flagship company of the
Sona Group still remain supplier of
choice to major auto manufacturers
with over 45 per cent domestic mar-
ketshare, supplying steering gears,
columns and RPS assemblies.
The company’s net sales for the
year ended March 31, 2012, grew
by 17.6 per cent to Rs. 1,414 crores
from Rs. 1,203 crores during the
same period last year. Profit after tax
and minority interest was at Rs. 48.7
crores (Rs. 44.6 crores).
On standalone basis, net sales
for the year ended March 31, 2012,
grew by 10 per cent to Rs. 1,135.3
crores from Rs. 1,031.7 crores dur-
ing the same period last year. Profit
after tax was at Rs. 38.8 crores (Rs.
37.4 crores). The EPS improved
from Rs. 1.88 per share in FY11 to
Rs. 1.95 per share in FY12.
For the quarter ended March 31,
2012, net sales grew by 18.5 per
cent to Rs. 345.6 crores from Rs.
291.7 crores during the same quarter
last year, and profit after tax is Rs.
15.8 crores (Rs. 11.8 crores).
Keeping with the growth trends
in the quarters, Q4 FY12 sales of
Rs. 345.6 crores were 38.1 per cent
higher than Q3 sales of Rs. 250.2
crores. Profit after tax for Q4 FY12
was at Rs. 15.8 crores (Rs. 7 crores).
For the current year, the Board of
Directors has recommended a final
dividend of Rs. 0.65 per equity share
of Re 1 each, which is at par with the
dividend declared in FY11.
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