Sona Koyo Steering Systems Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
February 11, 2015 at 04:27 am EST
Share
Sona Koyo Steering Systems Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on consolidated basis, the company reported net income from operations of INR 3,697.4 million, EBITDA of INR 475.5 million, EBIT of INR 222.1 million, PBT of INR 157.4 million against net income from operations of INR 3,915.8 million, EBITDA of INR 464.7 million, EBIT of INR 305.2 million, PBT of INR 578.4 million for the same period a year ago. Net sales from operations (net of excise duty) were INR 3,697.376 million against INR 3,915.832 million last year. Net profit was INR 107.298 million or INR 0.36 per basic and diluted share against INR 471.734 million or INR 2.12 per basic and diluted share last year.
For the nine months, on consolidated basis, the company reported net income from operations of INR 11,245.1 million, EBITDA of INR 1,480.5 million, EBIT of INR 681.0 million, PBT of INR 477.4 million against net income from operations of INR 10,945.8 million, EBITDA of INR 1,273.0 million, EBIT of INR 797.3 million, PBT of INR 877.5 million for the same period a year ago. Net sales from operations (net of excise duty) were INR 11,245.074 million against INR 10,945.798 million last year. Net profit was INR 323.027 million or INR 0.97 per basic and diluted share against INR 675.287 million or INR 2.71 per basic and diluted share last year.
For the quarter, on standalone basis, the company reported net income from operations of INR 2,536.7 million, EBITDA of INR 282.6 million, EBIT of INR 96.4 million, PBT of INR 44.8 million and PAT of INR 30.3 million against net income from operations of INR 2,629.7 million, EBITDA of INR 250.6 million, EBIT of INR 132.2 million, PBT of INR 425.3 million and PAT of INR 369.1 million for the same period a year ago. Net sales from operations (net of excise duty) were INR 2,536.678 million against INR 2,629.703 million last year. Net profit was INR 30.303 million or INR 0.15 per basic and diluted share against INR 369.082 million or INR 1.86 per basic and diluted share last year.
For the nine months, on standalone basis, the company reported net income from operations of INR 7,787.9 million, EBITDA of INR 861.5 million, EBIT of INR 253.9 million, PBT of INR 99.2 million and PAT of INR 70.9 million against net income from operations of INR 7,529.0 million, EBITDA of INR 682.9 million, EBIT of INR 330.9 million, PBT of INR 475.7 million and PAT of INR 410.9 million for the same period a year ago. Net sales from operations (net of excise duty) were INR 7,787.926 million against INR 7,529.031 million last year. Net profit was INR 70.905 million or INR 0.36 per basic and diluted share against INR 410.859 million or INR 2.07 per basic and diluted share last year.
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, 2014