Sona Comstar gains 17% after strong June quarter performance
3 years, 4 months ago

Sona Comstar gains 17% after strong June quarter performance

Live Mint  

Shares of auto components maker Sona BLW Precision Forgings gained 17% after it reported a consolidated net profit of ₹82 crore for the quarter ended 30 June against a net loss of ₹4.6 lakh in the April-June quarter last fiscal. Diversified revenue, increasing contribution from EVs, strong order book and financial metrics make Sona Comstar one of the best plays in the EV space." Despite headwinds, we have delivered robust revenue growth and best-in-class profitability and return metrics,Our net order book stands at ₹14,000 crore as of 30 June 2021 of which 57% is from EV," Sona BLW Precision Forgings managing director and group chief executive officer Vivek Vikram Singh said in a statement. In July, Sona Comstar and Israel's IRP Nexus Group have come together for a project that will manufacture new e-motor technology, and market it globally.

Crore Quarter Irp June Quarter Sona Sona Comstar Net Order Comstar Gains Sona Blw Precision Forgings  crore  revenue  strong  17  listed  net  order  performance  comstar  gains  precision  market  sona  quarter

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Sona Comstar to plug into investor fancy for EV segment at a stiff price
3 years, 6 months ago

Sona Comstar to plug into investor fancy for EV segment at a stiff price

Live Mint  

After a brief lull, India’s initial public offering market is set for high action in mid-June. Among the first to ride the wave is auto component manufacturer Sona BLW Precision Forgings Ltd. What’s more, thanks to an exposure to the electric vehicle segment, which is currently highly popular among investors, the company is priced at over 10.5 times revenues. High …

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