Sona BLW Precision Forgings Ltd.

The surge in Sona BLW share price came on the back of acquisition of the railway business division of Escorts Kubota Limited (EKL), coupled with a healthy Q2FY25 results

Auto components maker Sona BLW Precision Forgings (Sona Comstar) on Wednesday reported a 16 per cent year-on-year growth in consolidated Profit After Tax (PAT) at Rs 143.57-crore for the quarter ended September 30, 2024. The company had posted a net profit of Rs 124.06 crore in the second quarter of FY24, according to a regulatory filing. Revenue from operations for the quarter under review was Rs 922.18 crore, up 17 per cent from Rs 787.46 crore during Q2FY23, as per the filing. Revenue share from Battery Electric Vehicles (BEV) stood at 36 per cent, while the BEV revenue grew 53 per cent year-on-year during the July-September period of the current fiscal, it said. It also said that the net order book stood at Rs 23,100 crore as of September 30, 2024. "We have continued to progress on all our key strategic priorities," said Vivek Vikram Singh, Managing Director and Group CEO at Sona BLW Precision Forgings. Sona Comstar also announced a signing pact with Escorts Kubota Ltd (EKL)

The uptick in Sona BLW share price came after the company announced that it has inaugurated its new plant in Manesar, Haryana

The Sona BLW share price rose after the company announced that it has successfully raised Rs 2,400 crore via qualified institutional placement (QIP).

Sona BLW has received approval for Hub Wheel Motor, a component for electric two-wheelers, under the PLI Auto scheme. It also launched a QIP

The electric vehicle (EV) revenue accounted for 33% of total revenue. The company's order book expanded to Rs 23,300 crore in Q1FY25, from Rs 22,600 crore in Q4FY24.

Shares of Sona BLW Precision Forgings rose by 4.29 per cent at 716.60 per share on the BSE in Thursday's intraday trade

The jump in the stock price came after Sona BLW announced that it has secured certification for its traction motor for electric 3-wheelers under production-linked incentive (PLI) scheme

As corporate capex picks up, it expects the Indian corporate sector to sustain 12 - 17 per cent earnings growth in the medium-term

Company gains market share in its top three markets of North America, India, EU

Company gains market share in its top three markets of North America, India, EU

Firm's efforts to broaden portfolio, scale-up, and diversify customer base will lead to strong earnings growth: Analysts

Mobility tech firm Sona BLW Precision Forgings (Sona Comstar) on Tuesday reported a 24 per cent year-on-year growth in consolidated profit after tax at Rs 133 crore in the three months ended December 2023. The company had recorded a consolidated profit after tax of Rs 107.10 crore in the December quarter of FY23, it said. Total income in the third quarter of the current fiscal was Rs 777 crore as against Rs 685 crore reported in the year-ago period, a growth of 13 per cent, according to the company. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) for Q3FY24 stood at Rs 227.3 crore, a growth of 22 per cent compared to Rs 186.2 crore in the same quarter last fiscal, it said. The company also said that with five new BEV (Battery Electric Vehicle) programme wins, the net order book has increased to the highest ever level of Rs 24,000 crore. "We delivered our highest quarterly EBITDA, net profit, BEV revenue, BEV revenue share and order book in Q3 FY24. "Our BE

Revenue during the second quarter of the current fiscal increased 20 per cent to Rs 791 crore compared to Rs 657 crore in the July-September period of the previous fiscal, the company said

Aureus Investment Pvt Ltd, a promoter of Sona BLW Precision, on Wednesday sold a 3.2 per cent stake in the firm for Rs 957 crore through an open market transaction. According to the bulk deal data available with the NSE, Aureus Investment sold 1.90 crore shares, amounting to a 3.2 per cent stake in Sona BLW Precision. The shares were offloaded at an average price of Rs 503.73 apiece, taking the transaction value to Rs 957 crore. Post the latest transaction, the shareholding of Aureus Investment has been reduced to 29.8 per cent from 33 per cent (as of March 2023) equity in the firm. BNP Paribas Arbitrage also offloaded more than 99.91 lakh shares of Sona at an average price of Rs 541.61 per piece, taking the deal value to Rs 541 crore, as per the data on NSE. The Singapore government, Societe Generale and BNP Paribas Arbitrage have acquired more than 1.21 crore shares of Sona BLW Precision. Shares of Sona BLW Precision jumped 5.98 per cent to close at Rs 565 apiece on the NSE. Du

Around 23.7 million equity shares representing 4 per cent of total equity of Sona Comstar changed hands on the NSE this morning, the exchange data shows.

Highest increase in holding by FPIs in the March quarter

Marquee investors like the Government of Singapore, Fidelity, FMR, ICICI Prudential Life Insurance and HDFC MF bought shares from Blackstone in the bulk deal.

HDFC Bank, Singapore's GIC and Societe Generale among buyers of about 120 mn shares; analysts say Blackstone exit removes a key overhang for the Sona stock

At 09:15 am; nearly 118.76 million equity shares representing 20.3 per cent of total equity of Sona Comstar had changed hands on the BSE, the exchange data shows