Q1 Review | Sona Comstar's Group CFO On Earnings Report Card
Sona Comstar reports margin & profit contraction. What dragged financials? In conversation with Group CFO Rohit Nanda.
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Automotive technology firm Sona BLW Precision Forgings (Sona Comstar) on Thursday reported a Profit After Tax (PAT) of Rs 76 crore in the April-June quarter.
The BEV business accounted for 29 per cent in the overall top line, it said. "The global automotive markets remained challenging as light vehicle sales declined 17 per cent due to the supply side disruptions. Our revenue grew 18 per cent y-o-y in the first quarter, driven by the rapid scale-up of revenue from BEV programmes," said Vivek Vikram Singh, MD and Group CEO.
Get latest articles and stories on Latest News at LatestLY. Automotive technology firm Sona BLW Precision Forgings (Sona Comstar) on Thursday reported a Profit After Tax (PAT) of Rs 76 crore in the April-June quarter.
KYC Sona Comstar Management Company, Q4, Business Growth, Revenue Income Growth Company CFO Rohit Nanda