Management

Sona Koyo Steering Q2 net at Rs 3.71 crore

Auto component maker Sona Koyo Steering Systems reported an unaudited profit after tax (PAT) of Rs 3.71 crore for the quarter ended September 30. - Dabur net up 31%; declares 75% interim dividend - Wyeth profit declines 25%; appoints Kewal Handa as MD - Welspun-Gujarat Stahl net jumps two-fold to Rs 165 cr - IDBI Bank net surges 56% to Rs 254 cr - Aban Offshore net rises 7% to Rs 87 cr - OBC Q2 net up 14% at Rs 271 cr The company had incurred a loss of Rs 7.32 crore in the corresponding period last fiscal, Sona Koyo said in a statement. The unaudited net sales during the second quarter also increased by 12 per cent to Rs 200.38 crore from Rs 178.91 crore in the year-ago period, it added. The company attributed its jump in PAT to the resurgent market scenario on the back of increased car sales in the domestic market. Sona Koyo Steering Systems, the flagship firm of the Sona Group, is the country"s largest manufacturer of steering systems.


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