Sona BLW Q2 net profit up 22% at Rs 88 crore

Auto components maker Sona BLW Precision Forgings Ltd (Sona Comstar) on Wednesday reported a 22.24 per cent increase in its consolidated net profit to Rs 88.2 crore for the second quarter ended on September 30.

The company had reported a net profit of Rs 72.15 crore in the July-September period of the previous fiscal.

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Revenue from operations stood at Rs 585.69 crore in the second quarter as compared to Rs 384.3 crore in the year-ago period, Sona Comstar said in a regulatory filing.

"This was our best quarter yet...Our profitability and return ratios remain strong, despite the impact of sharply rising input prices. With 3 new battery electric vehicle (BEV) programs awarded during the quarter, our net order book stands at Rs 13,600 crore of which 58.5 per is contributed by EV," the company's MD & Group CEO Vivek Vikram Singh stated.