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Sona BLW Precision Forgings Ltd News

Sona BLW share price rises 4% on securing certification under PLI scheme

The jump in the stock price came after Sona BLW announced that it has secured certification for its traction motor for electric 3-wheelers under production-linked incentive (PLI) scheme

Sona BLW share price rises 4% on securing certification under PLI scheme
Updated On : 19 Jun 2024 | 10:07 AM IST

Why is Nomura betting big on RIL, BEL, Exide, Sona BLW and Uno Minda?

As corporate capex picks up, it expects the Indian corporate sector to sustain 12 - 17 per cent earnings growth in the medium-term

Why is Nomura betting big on RIL, BEL, Exide, Sona BLW and Uno Minda?
Updated On : 28 May 2024 | 10:47 AM IST

Large order book, EV demand drive auto parts maker Sona BLW growth

Company gains market share in its top three markets of North America, India, EU

Large order book, EV demand drive auto parts maker Sona BLW growth
Updated On : 20 May 2024 | 5:21 PM IST

Sona BLW rallies 13% in 3 days on positive outlook; hits 23 month high

With five new Battery Electric Vehicles (BEV) program wins, the net order book of the company's order book rose to record levels of Rs 24,000 crore in Q3FY24 from Rs 21,500 crore in Q2FY24

Sona BLW rallies 13% in 3 days on positive outlook; hits 23 month high
Updated On : 27 Feb 2024 | 4:05 PM IST

Sona BLW Q3 profit rises 24% to Rs 133 crore, income up 13% at Rs 777 cr

Mobility tech firm Sona BLW Precision Forgings (Sona Comstar) on Tuesday reported a 24 per cent year-on-year growth in consolidated profit after tax at Rs 133 crore in the three months ended December 2023. The company had recorded a consolidated profit after tax of Rs 107.10 crore in the December quarter of FY23, it said. Total income in the third quarter of the current fiscal was Rs 777 crore as against Rs 685 crore reported in the year-ago period, a growth of 13 per cent, according to the company. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) for Q3FY24 stood at Rs 227.3 crore, a growth of 22 per cent compared to Rs 186.2 crore in the same quarter last fiscal, it said. The company also said that with five new BEV (Battery Electric Vehicle) programme wins, the net order book has increased to the highest ever level of Rs 24,000 crore. "We delivered our highest quarterly EBITDA, net profit, BEV revenue, BEV revenue share and order book in Q3 FY24. "Our BE

Sona BLW Q3 profit rises 24% to Rs 133 crore, income up 13% at Rs 777 cr
Updated On : 23 Jan 2024 | 7:38 PM IST