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 marketshare, 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 during 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.