Auto components maker Sona Koyo Steering Systems today reported a consolidated net profit of Rs 12.62 crore for the second quarter ended September 30, 2013-14.

It had posted net profit of Rs 6.94 crore for Q2 of the previous fiscal 2012-13, Sona Koyo Steering Systems said in a filing to the BSE.

Its net sales stood at Rs 383.92 crore during Q2 2013-14, up 16.93 per cent compared with Rs 328.32 crore for the same period a year ago.

Finance costs during the quarter were at Rs 11.03 crore as against Rs 8.88 crore in the same quarter last year.

Overall, expenses during the quarter were at Rs 350.25 crore as against Rs 310.45 crore in the year-ago period.

The Sona Koyo Steering Systems scrip closed at Rs 14.92 on the BSE, up 10.76 per cent from its previous close.

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