BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
Sona BLW Precision Forgings Ltd.'s Q4 FY22 operating performance was 7% /4% ahead of consensus and our estimates, as topline surprised positively.
The significant ramp up in battery electric vehicle revenues continued; this segment now accounts for 25% of overall sales (versus 14% last year).
The company won new orders in electric vehicle programs (six during Q4) and built a strong order book of Rs 186 billion for the next 10 years.
Sona BLW added two new products in Q4 for supply of electric vehicle transmission (spool gear and epicyclic gear train), further expanding its product portfolio.
The company has also signed technology agreements with Enedym (Canada) and C-Motive (USA) for traction motors, which would further improve its total addressable market.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
