Net profit of Sona BLW Precision Forgings rose 24.10% to Rs 148.68 crore in the quarter ended March 2024 as against Rs 119.81 crore during the previous quarter ended March 2023. Sales rose 19.06% to Rs 884.13 crore in the quarter ended March 2024 as against Rs 742.59 crore during the previous quarter ended March 2023.For the full year,net profit rose 30.86% to Rs 517.27 crore in the year ended March 2024 as against Rs 395.30 crore during the previous year ended March 2023. Sales rose 19.95% to Rs 3184.77 crore in the year ended March 2024 as against Rs 2655.01 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales884.13742.59 19 3184.772655.01 20 OPM %27.9326.93 -28.3325.43 - PBDT248.47201.28 23 900.25690.48 30 PBT188.62153.18 23 680.03512.48 33 NP148.68119.81 24 517.27395.30 31 Powered by Capital Market - Live News

Sona BLW Precision Forgings announced that the Board of Directors of the Company at its meeting held on 30 April 2024, has recommended a Final dividend of Rs.1.53 per share (i.e.15.3%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Sona BLW Precision Forgings will hold a meeting of the Board of Directors of the Company on 30 April 2024.Powered by Capital Market - Live News

Sona BLW Precision Forgings announced the achievement of two remarkable production milestones. The company has successfully manufactured 400 million differential gears and 6 million differential assemblies, marking a significant accomplishment in its journey of excellence. Sona Comstar designs and manufactures differential assemblies, precision-forged differential gears, and other driveline parts. Our products cater to Battery Electric Vehicles (BEV), Passenger Vehicles, Commercial Vehicles, and Off-highway Vehicles. Sona Comstar is one of the largest manufacturers of differential assemblies for BEVs worldwide. According to Ricardo`s estimates, the company`s global market share of differential gears has increased to 8.1% in 2023 from 5.0% in 2020. The Company`s market share for differential gears in India ranges from 60-90% across vehicle categories.The company`s focus on innovation and commitment to quality and customer satisfaction has enabled it to emerge as a preferred partner for leading automotive manufacturers worldwide. Sona Comstar serves most of the world`s largest vehicle manufacturers, including seven of the top 10 passenger vehicle OEMs, three of the top 10 commercial vehicle OEMs, seven of the top 10 tractor OEMs, and four of the top 10 electric vehicle OEMs. The company expresses gratitude to its customers for their faith in its products, which encourages us to innovate and enables our growth. Sona Comstar is committed to offering cutting-edge products to its customers to enable faster adoption of greener, safer, and smarter mobility in India and globally. Powered by Capital Market - Live News

Sona BLW Precision Forgings has allotted 5,968 equity shares under ESOP on 14 March 2024. Post allotment, the paid up equity share capital has increased to Rs. 5,86,44,77,780 consisting of 58,64,47,778 equity shares having face of Rs 10 each fully paid up. Powered by Capital Market - Live News