Sona Koyo Steering Systems Ltd : Q4FY17 Results

Sona Koyo Steering Systems Ltd reported its results for the quarter ended March 31, 2017. 

The company's total sales for Q3FY17 came in at Rs 452.36 crore, which represents a 14.47 per cent sequential increase and 12.73 per cent YoY increase.

Its operating profit (EBIT) for the quarter amounted to Rs. 35.4 crore and its EBIT margin stood at 7.83 per cent.

The company reported PAT of Rs 16.3 crore, which represents a sequential QoQ increase of 83.15 per cent and a YoY increase of 98.78 per cent.

The Sona Koyo stock remained flat throughout the day. It opened at Rs 82.90 and hit intra-day high and low of Rs 83.55 and Rs 82.40, respectively and closed almost flat at Rs 82.65.

Sona Koyo Steering Systems Ltd is the flagship company of the Sona Group. It is engaged in the manufacture of steering systems for passenger cars and utility vehicles market in India. The products of the company include carrier differential assembly, column type electronic power steering assembly, intermediate drive shaft assembly, manual steering column, propeller shaft assembly, rear axle assembly, and many more. The company is primarily engaged in only one business segment, i.e., auto components for four-wheelers.