Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jul 24, 2024

Sona BLW Q1 Results: Profit Rises 27%, Meets Estimates

Sona BLW Q1 Results: Profit Rises 27%, Meets Estimates
(Source: Sona BLW Precision Forgings/Facebook)
STOCKS IN THIS STORY
Sona BLW Precision Forgings Ltd
--

Sona BLW Precision Forgings Ltd.'s consolidated net profit rose 26.8% in the first quarter of the current financial year, meeting analysts' estimates.

The auto components maker posted a profit of Rs 142 crore in the quarter ended June, according to an exchange filing on Wednesday. Analysts polled by Bloomberg had estimated the bottom line at Rs 139 crore.

Sona BLW Q1 Earnings Highlights (Consolidated, YoY)

  • Revenue up 21.0% to Rs 891 crore (Bloomberg estimate: Rs 859 crore).

  • Ebitda up 23.2% to Rs 249 crore (Estimate: Rs 245 crore).

  • Margin expands three basis points at 28% (Estimate: 28.60%).

  • Net profit up 26.8% to Rs 142 crore (Estimate: Rs 139 crore).

Sona BLW's stock closed 1.31% lower at Rs 688.90 apiece on the BSE, compared to a 0.35% decline in the benchmark Sensex.

Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search