Conference Call with Sona BLW Precision Forgings Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment firm Sona BLW Precision Forgings declares Q4FY22 result: Revenue grows 2% YoY to Rs. 550 crore, BEV Revenue grows 104% YoY EBITDA margin at 24.6%, PAT grows 75% YoY, FY22 RoCE of 32% Net order book grows to INR 18,600 crore at FY22 end Key Financial Highlights – Q4 FY22 Revenue of Rs. 550 crore with 2% YoY growth. 29% revenue share from Battery Electric Vehicles (BEV), BEV revenue growth of 104% YoY EBITDA of Rs. 135 crore with an EBITDA margin of 24.6% PAT of Rs. 105 crore with 75% YoY growth The net order book increased to Rs. 18,600 crore from Rs. 17,600 crore as of December 31st, 2021 Key Financial Highlights – FY22 Revenue of Rs. 2,131 crore with 36% YoY growth. 25% revenue share from Battery Electric Vehicles (BEV), BEV revenue growth of 145% YoY EBITDA of Rs. 559 crore with an EBITDA margin of 26.2% PAT of Rs. 361 crore with 68% YoY growth The net order book increased to Rs.18,600 crore from Rs. 14,000 crore as at the end of Q1FY22 with 43 new program wins and 10 new customer wins. Commenting on the performance, Mr Vivek Vikram Singh, MD & Group CEO, said: "Our revenue growth of 2% y-o-y in the fourth quarter was driven by the rapid scale-up of revenues from BEV, which are higher by 104% yo-y, representing 29% of overall revenues. Despite the unprecedented headwinds in our industry due to the continued decline in the global light-vehicle sales and rising commodity and energy costs, we have achieved 36% growth in revenue, 27% growth in EBITDA, and 32% return on capital in FY22. We have added two new driveline products in the quarter, demonstrating our capabilities to develop and offer transmission solutions for all types of BEVs architecture. With six new EV programs awarded during the quarter, our net order book has grown to Rs. 18,600 crores of which EV contributes 62%." Result PDF
Conference Call with Sona BLW Precision Forgings (Sona Comstar) Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Revenue grows 52% YoY to Rs. 586 crore, BEV Revenue grows 143% YoY to 22% of total, EBITDA higher by 24% YoY to Rs. 154 crore, EBITDA Margin at 26.4%; PAT higher by 22% YoY to Rs. 88 crore, PAT Margin at 15.1%, Annualised H1 FY22 RoCE of 34.7% Key Financial Highlights – Q2 FY22: Revenue of Rs. 586 crore with 52% YoY growth; 22% revenue share from BEV; BEV revenue growth of 143% YoY EBITDA of Rs. 154 crore with 24% YoY growth; EBITDA margin of 26.4% PAT of Rs. 88 crore with 22% YoY growth; PAT margin of 15.1% The net order book stands at Rs. 13,600 crore as of September 30th, 2021 H1FY22 YoY revenue, EBITDA and PAT growth of 102%, 90% and 136% respectively Mr. Vivek Vikram Singh, MD & Group CEO, said: “This was our best quarter yet. Revenue growth of 52% y-o-y in the second quarter has been driven by rapid scale up of revenues from BEV, which are higher by 143% y-o-y, and now represent 22% of overall revenues. Our profitability and return ratios remain strong, despite the impact of sharply rising input prices. With 3 new BEV programs awarded during the quarter, our net order book stands at Rs. 13,600 crore of which 58.5% is contributed by EV.” Result PDF