The auto components maker clocked Rs 143.94 crore as consolidated net profit, against Rs 123.85 crore in the year-ago quarter.
23 Oct 2024 | 6583 Views | By Kiran Murali
Sona BLW Precision Forgings Ltd (Sona Comstar) has reported a 16% on-year growth in its net profit for the second quarter of financial year 2025 with a 17% increase in its revenue from operations.
The Gurugram-based auto components maker clocked Rs 143.94 crore as consolidated net profit, against Rs ...
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Sona BLW Precision Forgings Ltd (Sona Comstar) has reported a 16% on-year growth in its net profit for the second quarter of financial year 2025 with a 17% increase in its revenue from operations.
The Gurugram-based auto components maker clocked Rs 143.94 crore as consolidated net profit, against Rs 123.85 crore in the year-ago quarter. Revenue from operations rose to Rs 922.19 crore from Rs 787.47 crore.
Sona Comstar’s operating profit, or Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), grew 14.6% to Rs 252.01 crore while its operating profit margin contracted marginally to 27.3% from 27.9% in the year-ago quarter.
The Gurugram-based company manufactures components such as differential assemblies, differential gears, starter motors, BSG systems, EV traction motors, motor control units, alternators, and transmission gears.
Sona Comstar noted that its revenue rose despite a 2% decline in light vehicle sales in the company’s top three markets - North America, India, and Europe.
Sales from the battery electric vehicle (BEV) business jumped 53% on year with revenue share from the segment increasing to 36%. "We achieved our highest-ever quarterly revenue, EBITDA, BEV revenue and BEV revenue share in Q2 FY25,” Sona Comstar MD and Group CEO Vivek Vikram Singh said.
As of September 30, the company had a net order book of Rs 23,100 crore. It won programs worth Rs 1,200 crore during the second quarter, while it consumed Rs 1,400 crore worth of programs. BEV business contributes 78% of the order book.
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