Sona Blw Precision Forgings Q2 Results Live : Sona Blw Precision Forgings declared their Q2 results on 23 Oct, 2024, revealing a robust performance with topline growth of 17.11% year-over-year and a profit increase of 16.23%. This marks a significant milestone in the company’s financial trajectory.
In comparison to the previous quarter, the revenue showed a growth of 3.48%, while profit experienced a modest increase of 1.4%. However, the overall financial health appears strong as the company continues to navigate the market.
Despite this success, selling, general, and administrative expenses rose by 3.86% quarter-over-quarter and an alarming 43.54% year-over-year. This increase may raise concerns among investors regarding the company’s cost management strategies.
Operating income saw a decline of 5.44% quarter-over-quarter, although it increased by 11.02% year-over-year. The earnings per share (EPS) for Q2 stood at ₹2.56, reflecting an increase of 17.07% on a year-over-year basis.
Over the past week, Sona Blw Precision Forgings has delivered a return of -2.78%. The stock has also underperformed with a -3.4% return in the last six months and a negligible -0.06% year-to-date return, raising questions about its market performance.
The company currently holds a market capitalization of ₹40,015.04 crore, with a 52-week high of ₹768.65 and a low of ₹488.1. These metrics indicate the stock’s volatility and potential investment risks.
As of 24 Oct, 2024, out of 17 analysts covering Sona Blw Precision Forgings, 1 has given a Sell rating, 3 have issued a Hold rating, 6 have provided a Buy rating, and 7 analysts have recommended a Strong Buy. The overall consensus recommendation is to Buy, indicating optimism among analysts regarding the company’s future prospects.
Sona Blw Precision Forgings Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 922.19 | 891.18 | +3.48% | 787.47 | +17.11% |
| Selling/ General/ Admin Expenses Total | 79 | 76.06 | +3.86% | 55.03 | +43.54% |
| Depreciation/ Amortization | 62.59 | 60.63 | +3.24% | 53.41 | +17.18% |
| Total Operating Expense | 743.78 | 702.5 | +5.88% | 626.76 | +18.67% |
| Operating Income | 178.41 | 188.68 | -5.44% | 160.7 | +11.02% |
| Net Income Before Taxes | 191.78 | 188.88 | +1.54% | 164.14 | +16.84% |
| Net Income | 143.94 | 141.95 | +1.4% | 123.85 | +16.23% |
| Diluted Normalized EPS | 2.56 | 2.42 | +5.73% | 2.19 | +17.07% |
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