Sona BLW Precision Forgings Ltd News
Acquisition of railway biz of Escorts Kubota, healthy Q2 lift Sona BLW 11%
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
 "Acquisition of railway biz of Escorts Kubota, healthy Q2 lift Sona BLW 11%")
Sona Comstar Q2 results: Net profit increases 16% to Rs 143.57 crore
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)
 "Sona Comstar Q2 results: Net profit increases 16% to Rs 143.57 crore")
Sona BLW Precision shares rise over 2% on inaugurating new plant in Manesar
The uptick in Sona BLW share price came after the company announced that it has inaugurated its new plant in Manesar, Haryana
 "Sona BLW Precision shares rise over 2% on inaugurating new plant in Manesar")
Sona BLW share price surges 3% on raising funds worth Rs 2400 crore via QIP
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 share price surges 3% on raising funds worth Rs 2400 crore via QIP")
Sona BLW: Why Nomura thinks auto component firm may surpass industry growth
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.
Sona BLW share price rises 4% post Q1FY25 earnings; check details
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
 "Sona BLW share price rises 4% post Q1FY25 earnings; check details")
