Sona Koyo Steering Systems Ltd Q1 net profit at Rs.79.8 Million, up 116.84% YOY

Sona Koyo Steering Systems Ltd has announced the Un-Audited financial results for the quarter ended June 30, 2007.

The Company has posted a profit after tax of Rs.79.8 million for the quarter ended June 30, 2007 as compared to Rs.36.8 million for the quarter ended June 30, 2006. Total Income has increased from Rs.1415.4 million for the quarter ended June 30, 2006 to Rs.1858.8 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.0.82 in Q1 2007-2008 compared to Rs.0.84 during Q1 2006-2007.

The Committee of Directors in its meeting held on April 28, 2007 has approved the conversion of 4616535 nos of Convertible Warrants and allotted 4616535 nos of Equity Shares of the Face Value of Rs 2/- per share at a premium of Rs 65.10 per share.

The stock closed the day at Rs.56.90, up by Rs.0.25 or 0.44%. The total traded quantity was 351345 compared to 2 week average of 166442. The stock hit an intraday high of Rs.61 and low of Rs.55.05.

Source : Equity Bulls

Keywords