Sona BLW Precision Forgings Ltd
P&L
Quarterly Consolidated
vs Q2 FY25
Sona BLW Precision Forgings Ltd. Achieves Highest-Ever Quarterly Net Profit, BEV Revenue, and BEV Revenue Share in Q3 FY25
23 Jan 2025 · 23 Jan 2025, 11:32 pm
Summary
Sona BLW Precision Forgings Ltd. (Sona Comstar) announced its financial results for the quarter and nine months ended December 31, 2024. The company achieved its highest-ever quarterly net profit, BEV revenue, and BEV revenue share in Q3 FY25. BEV revenue grew by 48% YoY, representing 39% of the overall revenues. The company secured a new program to supply differential assemblies for an existing customer's innovative EV models in India and received a second product order in the sensors and software vertical.
Key Highlights
- 1
Highest-ever quarterly net profit, BEV revenue, and BEV revenue share in Q3 FY25
- 2
BEV revenue grew by 48% YoY, representing 39% of the overall revenues
- 3
Secured a new program to supply differential assemblies for an existing customer's innovative EV models in India
- 4
Received a second product order in the sensors and software vertical
- 5
Global market share in differential gears and starter motors increased in 2024
Management Comments
Mr Vivek Vikram Singh
MD and Group CEO
In Q3 FY25, we achieved our highest-ever quarterly net profit, BEV revenue, and BEV revenue share. We have made significant progress on all our key strategic priorities. Our BEV revenue grew by 48% year-over-year, now representing 39% of our overall revenues. We secured a new program to supply differential assemblies for one of our existing customers’ innovative EV models in India. Additionally, we received our second product order in the sensors and software vertical and successfully commercialized a new product, Zone Monitoring Sensors. We are also pleased to announce a major technological breakthrough in developing a 180-degree field of view using short-range radar sensors. Furthermore, we have increased our global market share in both differential gears and starter motors in 2024.
Informational and educational content only. Not investment advice.