Sona BLW Precision Forgings Q3 net profit rises 24 pc to Rs 107 cr

NewsDrum Desk
24 Jan 2023

New Delhi, Jan 24 (PTI) Auto components maker Sona BLW Precision Forgings on Tuesday reported a 24 per cent increase in its consolidated net profit to Rs 107 crore for the third quarter ended December 31, 2022.

The company reported a net profit of Rs 86 crore in the October-December quarter of the last fiscal.

Revenue from operations rose to Rs 675 crore in the period under review against Rs 486 crore in the year-ago period, Sona BLW Precision Forgings said in a regulatory filing.

The company's board approved an interim dividend of Rs 1.28 per share for the financial year 2022-23, it added.

"We delivered our highest quarterly revenue, EBITDA and net profit in Q3 FY23. Our revenue grew 39 per cent year-on-year in the last quarter, driven by the scale-up of revenue from new programs," Sona BLW Precision Forgings MD & Group CEO Vivek Vikram Singh noted.

Shares of the company on Tuesday ended 3.45 per cent up at Rs 432.20 apiece on the BSE. PTI MSS BAL BAL

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