Umair
Last Updated:
Shares of Sona BLW Precision Forgings dropped by 5.8% on Friday, hitting an intraday low of Rs 511.10; Key points
Sona BLW Shares
Shares of Sona BLW Precision Forgings dropped by 5.8% on Friday, hitting an intraday low of Rs 511.10, following the release of its Q3 results that fell short of market expectations in certain areas. By 12:43 PM, the stock was trading 2.87% lower at Rs 527.10 on the BSE, while the BSE Sensex saw a gain of 0.56%, reaching 76,949.91. The company’s market capitalization stood at Rs 32,756.11 crore, with a 52-week high of Rs 767.80 and a 52-week low of Rs 511.10 per share.
For Q3 FY25, Sona BLW Precision Forgings reported a 13.8% year-on-year growth in net profit, reaching Rs 151 crore, compared to Rs 132.7 crore in the same period last year. Revenue from operations increased by 11%, coming in at Rs 868 crore, up from Rs 781.7 crore in Q3 FY24.
However, at the operating level, EBITDA grew by just 0.7%, standing at Rs 234.2 crore in Q3 FY25, compared to Rs 232.5 crore in the previous year. The EBITDA margin decreased to 27% from 29.7% during the same period last year.
The company highlighted several key achievements, including securing a new program for supplying differential assemblies for an existing customer’s EV models in India. Additionally, Sona BLW received a second order in its sensors and software division and successfully commercialized new products like Zone Monitoring Sensors. The company also announced a technological breakthrough in developing a 180-degree field of view using short-range radar sensors.
Over the past year, Sona BLW shares have dropped 7.2%, while the Sensex has gained 7.6%.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
