Sona BLW Precision Forgings Ltd.'s consolidated net profit rose 26.8% in the first quarter of the current financial year, meeting analysts' estimates.
The auto components maker posted a profit of Rs 142 crore in the quarter ended June, according to an exchange filing on Wednesday. Analysts polled by Bloomberg had estimated the bottom line at Rs 139 crore.
ADVERTISEMENT
Sona BLW Q1 Earnings Highlights (Consolidated, YoY)
Revenue up 21.0% to Rs 891 crore (Bloomberg estimate: Rs 859 crore).
Ebitda up 23.2% to Rs 249 crore (Estimate: Rs 245 crore).
Margin expands three basis points at 28% (Estimate: 28.60%).
Net profit up 26.8% to Rs 142 crore (Estimate: Rs 139 crore).
ADVERTISEMENT
Sona BLW's stock closed 1.31% lower at Rs 688.90 apiece on the BSE, compared to a 0.35% decline in the benchmark Sensex.
WRITTEN BY
RECOMMENDED FOR YOU
Pritika Engineering Q2 Results: Net Profit Rises 78% To Rs 1.64 Crore
Nov 08, 2024
Amara Raja Q2 Results: Profit, Revenue Rise; Interim Dividend Declared
Nov 04, 2024
Sona BLW Share Price Sees Best Jump In Three Years After Q2 Profit Meets Estimates
Oct 24, 2024
Sona BLW Meets Estimates With Q2 Results, Inks Pact To Acquire Escorts Kubota's Railway Business
Oct 23, 2024
POPULAR
1
Election Results 2024 Live Updates: PM Modi On Mahayuti Lead In Maha; I.N.D.I.A. Ahead In Jharkhand
2
Wayanad Bypoll Results: Priyanka Gandhi 'Looks Forward' To Represent Constituency In Parliament
3
Mankhurd Shivaji Nagar Assembly Election Result 2024: Abu Asim Azmi Retains Seat By Margin Of 12,753 Votes
4
Gujarat's Vav Assembly Election Results 2024: Congress' Gulabsinh Rajput Leading By 1,174 Votes
5