Sona BLW Precision Forgings Q1 results FY2023: profit at Rs 76 crore in April-June
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.
Sona BLW Precision Forgings profit at Rs 76 crore in April-June
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.
Latest News | Sona BLW Precision Forgings Profit at Rs 76 Crore in April-June
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.
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