Auto component maker Sona Koyo Steering Systems today reported a profit after tax (PAT) of Rs 6.89 crore for the quarter ended December 31, 2009, on account of improved efficiencies and stable foreign exchange rates.
The company had posted a loss of Rs 17.24 crore in the corresponding period last fiscal, Sona Koyo Steering Systems said in a statement.
The net sales of the company during the third quarter surged by 47.17 per cent to Rs 221.21 crore from Rs 150.31 crore in the year-ago period, it added.
The company attributed its return to profitability to internal initiatives to improve efficiencies and a relatively stable foreign exchange, the statement said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app