Sona BLW Precision Forgings Ltd Q2FY24; 33% rise in Profits

Sona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction motors across all vehicle categories. The company develops mechanical and electrical hardware systems, components as well as base and application software solutions.

Financial Results:

Sona BLW Precision Forgings Ltd reported Revenues for Q2FY24 of ₹787.00 Crores up from ₹653.00 Crore year on year, a rise of 20.52%.

Total Expenses for Q2FY24 of ₹626.00 Crores up from ₹539.00 Crores year on year, a rise of 16.14%.

Consolidated Net Profit of ₹124.00 Crores up 33.33% from ₹93.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.12, up 34.18% from ₹1.58 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.