Auto parts & Equipment company Sona BLW Precision Forgings announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue of Rs 885 crore with 19% YoY growth Revenue share from Battery Electric Vehicles (BEV) at 32%, BEV revenue growth of 34% YoY EBITDA of Rs 248 crore with a margin of 28.0% and 23% YoY growth PAT of Rs 149 crore with a net profit margin of 16.7% and 24% YoY growth EVs programs contribute 79% to the net order book of Rs 22,600 crore as of March 31st, 2024 FY24 Financial Highlights: Revenue of Rs 3,185 crore with 19% YoY growth Revenue share from Battery Electric Vehicles (BEV) at 29%, BEV revenue growth of 32% YoY EBITDA of Rs 902 crore with an EBITDA margin of 28.3% and 30% YoY growth PAT of Rs 517 crore with a net profit margin of 16.3% and 31% YoY growth With 39 new program wins and five new customer additions, the net order book has increased to Rs 22,600 crore from Rs 21,500 crore as of March 31st, 2023 Vivek Vikram Singh, MD & Group CEO, commented: “We achieved our highest quarterly revenue, EBITDA and net profit in Q4 FY24. BEV revenue grew 34% YoY, led by strong EV differential assembly sales growth, and BEV revenue share increased to the highest ever, 32%. EBITDA margin improved by 180 bps YoY to 28.0%, driving EBITDA and PAT growth of 23% and 24%. We closed FY24 with a strong order book, which gives us the confidence to sustain growth momentum in FY25 and beyond. We continue to build on our EV order book, and in Q4, we added one new EV program to supply differential assemblies to an existing customer in North America. Overall, we added 12 new EV programs and four new EV customers during the year, further growing and diversifying our EV order book.” Result PDF