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.
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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.
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