Sona Comstar shares gain as Citi sees 34% upside potential on new product launches
A favourable product mix and market share gains should continue to drive up revenue and profit at a faster pace.21-08-2023
21-08-2023
Sona BLW: Strong top line and margin, promising outlook
Given the strong fundamentals of the business, sound financial performance, and massive growth opportunity, the stock can be bought with a long-term perspective.18-08-2023
China plus one strategy is playing out in our favour: ACMA President Sunjay Kapur
Episode 79: Automobiles | S Ronendra Singh talks to Sunjay Kapur, ACMA President and the Chairman at Sona Comstar, about the shifting market dynamics, the electrification push, and global diversification in the Auto industry16-08-2023
Sona BLW Precision Forgings Ltd - 543300 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Investor call14-08-2023
Sona BLW Precision Forgings Ltd - 543300 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Investor call held on 27th July, 2023 for quarterly financial result 30th June, 2023.03-08-2023
Neutral SONA BLW Precision Forging; target of Rs 600: Motilal Oswal
Motilal Oswal recommended Neutral rating on SONA BLW Precision Forging with a target price of Rs 600 in its research report dated July 27, 2023.31-07-2023
Sona BLW erases early gains after brokerages see limited upside
Sona BLW reported a 47 percent YoY increase in consolidated net profit at Rs 112 crore in the June quarter. Brokerages say it'll be difficult to sustain the performance in the long run due to scale disadvantage and pricing pressure28-07-2023
Sona BLW Precision Forgings Ltd - 543300 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Advertisement28-07-2023
Sona BLW Precision Forgings Ltd - 543300 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Recording of investor call held on 27th July, 2023.28-07-2023
Q1FY24 Quarterly Result Announced for Sona BLW Precision Forgings Ltd.
Auto Parts & Equipment company Sona BLW Precision Forgings announced Q1FY24 results: Revenue of Rs 732 crore with 24% YoY growth Revenue share from Battery Electric Vehicles (BEV) at 26%, BEV revenue growth of 13% YoY EBITDA of Rs 203 crore with a margin of 27.8% and 43% YoY growth PAT of Rs 112 crore with a net profit margin of 15.3% and 48% YoY growth EVs programs contribute 78% to the net order book of Rs 22,000 crore as of June 30th, 2023 Vivek Vikram Singh, MD & Group CEO, commented: "We achieved our highest-ever quarterly EBITDA in Q1FY24. Our revenue grew 24% YoY, driven mainly by the scale-up of the new customer programs. The reduction in FAME-II subsidies has resulted in lower production by the electric two-wheelers industry, thus impacting our traction motor sales. Despite this, our BEV revenue grew 13% YoY, representing 26% of overall revenues. EBITDA margin improved by 360 bps YoY to 27.8%, driving EBITDA growth of 43% and PAT growth of 48%. We have continued to progress on all our key strategic priorities. With four new BEV program wins, our net order book grew to Rs 22,000 crore, of which EVs contribute 78%. Last quarter, we won a new program to supply the hub wheel traction motor for electric scooters from an Indian OEM of Electric and ICE two-wheeleRs In addition, we won a new program to supply the differential assembly for electric Class 5 trucks from a North American OEM of electric CVs. We entered a new mobility segment by winning a new program from a global OEM to supply final drive differential assemblies for recreational off-highway vehicles (OHVs). We have made substantial progress on our technology roadmap by partnering with a road-tested technology partner in Equipmake to enter the high-voltage motor and inverter space." Result PDF27-07-2023