Sona BLW Q2 net profit up 22% at Rs 88 crore
Sona BLW Precision Forgings Ltd (Sona Comstar) has reported a 22.24 per cent increase in its consolidated net profit to Rs 88.2 crore for the second quarter ended on September 30.
Auto components maker Sona BLW Precision Forgings Ltd (Sona Comstar) on Wednesday reported a 22.24 per cent increase in its consolidated net profit to Rs 88.2 crore for the second quarter ended on September 30.
The company had reported a net profit of Rs 72.15 crore in the July-September period of the previous fiscal.
See Zee Business Live TV Streaming Below:
Revenue from operations stood at Rs 585.69 crore in the second quarter as compared to Rs 384.3 crore in the year-ago period, Sona Comstar said in a regulatory filing.
"This was our best quarter yet...Our profitability and return ratios remain strong, despite the impact of sharply rising input prices. With 3 new battery electric vehicle (BEV) programs awarded during the quarter, our net order book stands at Rs 13,600 crore of which 58.5 per is contributed by EV," the company's MD & Group CEO Vivek Vikram Singh stated.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.