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Shares of Sona BLW Precision Forgings dropped by 5.8% on Friday, hitting an intraday low of Rs 511.10; Key points
Sona BLW Shares
Shares of Sona BLW Precision Forgings dropped by 5.8% on Friday, hitting an intraday low of Rs 511.10, following the release of its Q3 results that fell short of market expectations in certain areas. By 12:43 PM, the stock was trading 2.87% lower at Rs 527.10 on the BSE, while the BSE Sensex saw a gain of 0.56%, reaching 76,949.91. The company’s market capitalization stood at Rs 32,756.11 crore, with a 52-week high of Rs 767.80 and a 52-week low of Rs 511.10 per share.
For Q3 FY25, Sona BLW Precision Forgings reported a 13.8% year-on-year growth in net profit, reaching Rs 151 crore, compared to Rs 132.7 crore in the same period last year. Revenue from operations increased by 11%, coming in at Rs 868 crore, up from Rs 781.7 crore in Q3 FY24.
However, at the operating level, EBITDA grew by just 0.7%, standing at Rs 234.2 crore in Q3 FY25, compared to Rs 232.5 crore in the previous year. The EBITDA margin decreased to 27% from 29.7% during the same period last year.
The company highlighted several key achievements, including securing a new program for supplying differential assemblies for an existing customer’s EV models in India. Additionally, Sona BLW received a second order in its sensors and software division and successfully commercialized new products like Zone Monitoring Sensors. The company also announced a technological breakthrough in developing a 180-degree field of view using short-range radar sensors.
Over the past year, Sona BLW shares have dropped 7.2%, while the Sensex has gained 7.6%.
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