Sona BLW stock hits upper circuit after Q3FY22 financial performance

15 Feb 2022 , 02:43 PM

Sona BLW Precision Forgings Ltd. announced its financial results for the quarter and nine months ended December 2021. At around 2.30 PM, it was trading 5.39% higher at Rs636.15 against its previous closing price of Rs603.60. Its scrip skyrocketed to day’s high of Rs639.75 per piece after its Q3FY22 results announcement.

Sona BLW reported an EBITDA of Rs423.70 crore for Q3FY22, reflecting a growth of 41% yoy. Whilst EBITDA margin settled at 26.8% for the current quarter.

It reported total revenue of Rs1,580.60 crore for Q3FY22 registering a growth of 54% yoy over the last quarter.

PAT grew by 65% yoy during the quarter under review at Rs256.90 crore for Q3FY22. PAT Margin for the current quarter turned out to be 16.30%.

Company increased its Global market share of Differential Gears by 6.3% in CY21 against 5% in CY20. While global market share of Starter Motors gained 1.6% at 4.6% over the last year.