Sona BLW Q1 Results: Profit Rises 27%, Meets Estimates

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.

• 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).

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.