Conference Call with Sona BLW Precision Forgings Ltd. Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: Vivek Vikram Singh and Senior Team
Auto Parts & Equipment company Sona BLW Precision Forgings announced Q1FY25 results: Revenue of Rs 893 crore with 22% YoY growth Battery Electric Vehicles (BEV) revenue growth of 53% YoY, BEV Revenue share at 33% EBITDA of Rs 251 crore with a margin of 28.1% and 23% YoY growth PAT of Rs 142 crore with a net profit margin of 15.9% and 27% YoY growth The net order book increased to Rs 23,300 crore from Rs 22,600 crore as of March 31st, 2024 Vivek Vikram Singh, MD & Group CEO, commented: " We achieved our highest-ever quarterly Revenue, EBITDA and BEV Revenue in Q1FY25. Our revenue grew 22% y-o-y, driven mainly by the scale-up of the EV programs. Our BEV revenue grew 53% y-o-y, representing 33% of overall revenues. EBITDA margin improved by 30 bps y-o-y to 28.1%, driving EBITDA growth of 23% and PAT growth of 27%. We have continued to progress on all our key strategic priorities. Last quarter, we won our first program for an in-cabin sensing product, ACAM, which gives us the confidence that we are moving swiftly on our long-term strategy of pivoting NOVELIC from an engineering services-led business to a product and semiconductor chip design business. We have additionally made substantial progress on our technology roadmap by winning customer orders for two new products and adding two new products to our development roadmap." Result PDF