JTEKT India Ltd Announced Unaudited Financial Results for Q2FY19
Deepthi | Myequity news | Date : 06-11-2018 15:25:00 IST
The Board of Directors of JTEKT India Ltd (Formerly Known as Sona Koyo Steering Systems Ltd.), India's largest manufacturer and supplier of Steering Systems, in its meeting held on 05th November, 2018 has taken on record the unaudited Financial Results for the quarter ended 30th September 2018.
Standalone About JTEKT India Ltd:
For the quarter ended 3Qth September 2018, Net Revenue has increased by 11.8% to Rs. 338.52 Crores as compared to Rs. 302.78 Crores of the corresponding year. Profit after Tax increased by 90.7% to Rs. 11.45 Crores against Profit of Rs. 6.00 Crores of the corresponding year excluding dividend from subsidiary of Rs. 1.53 Crores
For the half year ended 30th September 2018, Net Revenue has increased by 9.1% to Rs. 650.43 Crores as compared to Rs. 595.96 Crores of the corresponding year. Profit after Tax increased by 62.9% to Rs. 18.03 Crores against Profit of Rs. 11.07 Crores of the corresponding year excluding dividend from subsidiary of Rs. 9.87 Crores
JTEKT India Ltd forms part of JTEKT Corporation Japan. JTEKT India is India's largest manufacturer of steering systems and is the supplier of choice to major auto manufacturers, supplying steering gears, columns and RPS assemblies to almost all Indian passenger car and utility vehicle manufacturers.