Sona Koyo Steering Systems Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
February 05, 2016 at 04:11 am EST
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Sona Koyo Steering Systems Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter on consolidated basis, the company reported net income from operations of INR 3,515.8 million against INR 3,697.4 million a year ago. Total Income was INR 3,531.9 million against INR 3,724.9 million a year ago. EBITDA was INR 416.5 million against INR 475.5 million a year ago. EBIT was INR 179.1 million against INR 222.1 million a year ago. PBT was INR 116.7 million against INR 157.4 million a year ago. PAT was INR 44.7 million against INR 71.2 million a year ago.
For the nine months on consolidated basis, the company reported net income from operations of INR 11,111.2 million against INR 11,245.1 million a year ago. Total Income was INR 11,170.4 million against INR 11,332.6 million a year ago. EBITDA was INR 1,341.4 million against INR 1,480.5 million a year ago. EBIT was INR 609.0 million against INR 681.0 million a year ago. PBT was INR 421.7 million against INR 477.4 million a year ago. PAT was INR 152.7 million against INR 192.9 million a year ago.
For the quarter on standalone basis, the company reported net income from operations of INR 2,522.0 million against INR 2,536.7 million a year ago. Total Income was INR 2,536.5 million against INR 2,561.5 million a year ago. EBITDA was INR 253.2 million against INR 282.6 million a year ago. EBIT was INR 83.1 million against INR 96.4 million a year ago. PBT was INR 23.1 million against INR 44.8 million a year ago. PAT was INR 16.6 million against INR 30.3 million a year ago.
For the nine months on standalone basis, the company reported net income from operations of INR 7,801.8 million against INR 7,787.9 million a year ago. Total Income was INR 7,855.6 million against INR 7,869.1 million a year ago. EBITDA was INR 798.4 million against INR 861.5 million a year ago. EBIT was INR 266.2 million against INR 253.9 million a year ago. PBT was INR 115.3 million against INR 99.1 million a year ago. PAT was INR 86.2 million against INR 70.9 million a year ago.
JTEKT India Limited is an India-based company that is engaged in the business of manufacturing and assembling of automotive components. The Company manufactures automotive components such as rack and pinion steering systems, hydraulic power steering systems, column-type electric power steering systems and driveline products. The Company's other two product lines include machine tools and bearings. The Company is a tier 1 supplier to OEM customers on a business-to-business basis. The Company is supplying automotive products to OEM's, such as Maruti Suzuki, TATA Motors, Honda, Toyota Kirloskar, Renault Nissan, Mahindra & Mahindra, E-Z-Go Textron, Trenton Pressing LLC, Jtekt Column Systems, and France for commercial vehicles and passenger vehicles.
Sona Koyo Steering Systems Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015