Conference Call with Sona BLW Precision Forgings Management and Analysts on Q4FY23 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 Q4FY23 & FY23 results: Q4FY23: Revenue of Rs 744 crore with 35% YoY growth Revenue share from Battery Electric Vehicles (BEV) at 28%, BEV revenue growth of 37% YoY EBITDA of Rs 201 crore with a margin of 27.1% and 49% YoY growth PAT of Rs 120 crore with a net profit margin of 16.1% and 54% YoY growth EVs programs contribute 77% to the net order book of Rs 21,500 crore as of March 31st, 2023 FY23: Revenue of Rs 2,676 crore with 26% YoY growth Revenue share from Battery Electric Vehicles (BEV) at 26%, BEV revenue growth of 33% YoY EBITDA of Rs 696 crore with an EBITDA margin of 26.0% and 25% YoY growth PAT of Rs 395 crore with a net profit margin of 14.8% and 28% YoY growth The net order book increased to Rs 21,500 crore from Rs 18,600 crore as of March 31st, 2022 Vivek Vikram Singh, MD & Group CEO, commented: "We achieved our highest quarterly revenue, EBITDA, and net profit in Q4 FY23. BEV revenue grew 37% YoY to cross Rs 200 crore, representing 28% of overall revenues. We closed FY23 with a strong order book, which gives us the confidence to sustain growth momentum in FY24 and beyond. We have made substantial progress on our technology roadmap by developing four new products in FY23. Last quarter, we won a new program from a North American OEM of electric CVs, which is a big step forward for us in business development and technology. We will supply the final drive differential assembly, intermediate gears, and input shafts for electric Class 4 CV. This win demonstrates our ability to keep adding new and higher-value-added products for our customers. On the ESG front, we made credible progress by developing and implementing an innovative solution in our forging plant at Gurgaon that helps us recycle and save around 12,000 litres of water per day." Result PDF