zf steering gear (india) (ZFSG) Snapshot

ZF Steering Gear (India) Ltd. has informed that the Board of Directors of the company at its meeting held on May 23, 2013 has recommended a dividend of INR 8 per equity share of INR 10 each for the financial year 2012-13, subject to the approval of the members at the Annual General Meeting to be held on July 30, 2013.

ZF Steering Gear (India) Ltd. announced audited standalone earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company reported net sales/income from operations of INR 777.28 million compared to INR 998.60 million a year ago. Total income from operations was INR 781.43 million against INR 1,009.62 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 109.01 million compared to INR 108.12 million a year ago. Profit from ordinary activities before tax was INR 167.34 million compared to INR 110.08 million a year ago. Net profit from ordinary activities after tax was INR 24.19 million or INR 2.67 per basic and diluted share before and after extraordinary items compared to INR 70.61 million or INR 7.78 per basic and diluted share before and after extraordinary items a year ago. For the year, the company reported net sales/income from operations of INR 3,128.87 million compared to INR 3,522.12 million a year ago. Total income from operations was INR 3,140.35 million against INR 3,545.82 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 423.03 million compared to INR 537.11 million a year ago. Profit from ordinary activities before tax was INR 489.99 million compared to INR 681.06 million a year ago. Net profit from ordinary activities after tax was INR 256.19 million or INR 28.24 per basic and diluted share before and after extraordinary items compared to INR 464.59 million or INR 51.21 per basic and diluted share before and after extraordinary items a year ago.

ZF Steering Gear (India) Ltd. announced that they will report fiscal year 2013 results on May 23, 2013