Sona BLW Precision Forgings Ltd (SONACOMS)

Sona Comstar's Revenue from BEV Segment Grows by 34% - 09 May, 2024

Sona Comstar's revenue from the BEV segment grew by 34% in Q4 FY24, accounting for nearly a third of overall revenue. The company has earmarked up to INR 1200 crore as capital expenditure for the next two-three years and its order book was INR 22,600 crore on March 31, 2024, with EVs accounting for 79%. Only a tenth of the company's revenue was dependent on ICE technology.

LKP Securities Recommends Buy Call on Sona BLW Precision Forgings - 06 May, 2024

Sona BLW Precision Forgings reported a consolidated total income of Rs 892.73 crore, up 14.22% from the last quarter and 19.27% YoY. The company's net profit after tax for the latest quarter was Rs 148.08 crore. Promoters held 29.71%, FIIs owned 32.93%, and DIIs owned 28.75% stake in the company as of March 31, 2024.

Sona BLW Reports Strong Revenue Growth in Q4 FY24 - 03 May, 2024

Auto parts maker Sona BLW Precision Forgings reported a strong revenue performance in Q4 FY24 with a 19% YoY increase in sales, powered by a 34% growth in the battery electric vehicle (BEV) segment. The company's revenue growth was better than light vehicle industry sales growth of 8% in its top three markets.

Sona BLW Precision Forgings Reports Strong Performance Led by EV Segment - 02 May, 2024

Sona BLW Precision Forgings reports strong Q4FY24 and FY24 fiscal performance, driven by robust demand recovery and focus on the growing EV segment. Despite elevated valuations, the company's growth outlook makes it compelling for investors.

Sona BLW Reports Strong Financial Results and Change in Leadership - 30 Apr, 2024

Sona BLW Precision Forgings reported strong financial results for Q4 FY23-24 and the full year, with significant growth in revenue and net profit. The company's battery electric vehicle (BEV) business accounted for a substantial portion of its revenue and net order book. Additionally, Sona Comstar announced a change in leadership with the retirement of its CTO.

Sona Comstar Inaugurates New Manufacturing Plant in Mexico - 22 Apr, 2024

Sona Comstar has opened a new manufacturing facility in Mexico to meet the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America. The new plant will specialize in producing differential assemblies and reduction gears designed for BEVs, with plans to diversify its product range further. However, shares of Sona BLW Precision Forgings slipped over 2% despite this announcement.

Sona Comstar Supplies BLDC Motors to Global EV Companies - 19 Apr, 2024

Sona Comstar Ltd. supplies BLDC motors to global EV companies, including Tesla, and has seen significant penetration in the two-wheeler EV market.

Sona BLW Precision Forgings Gains on Auto Ancillary Surge and Consistent Returns - 12 Apr, 2024

Sona BLW Precision Forgings gained 2.22% in trading, while shares of auto ancillary companies surged up to 7% after Elon Musk's announcement of his India visit. The company has consistently earned 23% over the past five years, with a 382% rise in capital employed.