Sona BLW Precision Forgings Q1 results FY2023: profit at Rs 76 crore in April-June
Automotive technology firm Sona BLW Precision Forgings (Sona Comstar) on Thursday reported a Profit After Tax (PAT) of Rs 76 crore in the April-June quarter.
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Automotive technology firm Sona BLW Precision Forgings (Sona Comstar) on Thursday reported a Profit After Tax (PAT) of Rs 76 crore in the April-June quarter.
The BEV business accounted for 29 per cent in the overall top line, it said. "The global automotive markets remained challenging as light vehicle sales declined 17 per cent due to the supply side disruptions. Our revenue grew 18 per cent y-o-y in the first quarter, driven by the rapid scale-up of revenue from BEV programmes," said Vivek Vikram Singh, MD and Group CEO.
Get latest articles and stories on Latest News at LatestLY. Automotive technology firm Sona BLW Precision Forgings (Sona Comstar) on Thursday reported a Profit After Tax (PAT) of Rs 76 crore in the April-June quarter.
KYC Sona Comstar Management Company, Q4, Business Growth, Revenue Income Growth Company CFO Rohit Nanda
Sona Comstar reports flat revenue growth along with slight dip in margins for Q4. Group CEO Vivek Vikram Singh talks about growth strategies for FY23.
Sona Comstar has formed a strategic partnership with Canada-based Enedym Inc. to develop the next-generation of switched reluctance motors (SRMs), electric propulsion, and electrified powertrains for the Indian market.