New Delhi, Oct 26 (PTI) Sona BLW Precision Forgings on Monday posted 29 per cent growth in net profit to Rs 223.4 crore for the July-September quarter, driven by robust revenue growth.
The auto component major’s consolidated net profit was Rs 172.7 crore in the year-ago period, according to an exchange filing.
Its revenue from operations jumped 34.9 per cent to Rs 1,535.84 crore from Rs 1,138.29 crore a year ago.
“Q2 FY27 was almost a perfect quarter for us, across all business metrics like financial performance, technology and new product development, new orders, cash flow generation and the conferring of the Deming Award after a nine-year quality journey,” MD and group CEO Vivek Vikram Singh said.
Its revenue from the battery electric vehicle
segment surged 129 per cent, and its share of auto business revenue reached an all-time high of 51 per cent in the quarter. Its net order book stands at Rs 25,100 crore, with Rs 3,600 crore added during the second quarter.
“We also commercialised three new products, our highest-ever in a quarter, which include a helical limited slip differential for EVs, air springs for railway passenger coaches and rear radar sensors for two-wheelers,” Singh said.
As per the company’s investor presentation, EBITDA rose 23 per cent to Rs 356.2 crore, while margin reduced to 23 per cent from 25.3 per cent in the year-ago period.
“The margin was lower due to product mix and higher input prices, partially offset by the positive impact of operating leverage. PAT margin was lower by 0.5 per cent due to lower EBITDA margin, partially improved by lower depreciation cost as a per cent of revenue,” the company said. PTI KMM KMM BAL
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