Sona BLW Precision Forgings Second Quarter 2023 Earnings: Beats Expectations

Sona BLW Precision Forgings (NSE:SONACOMS) Second Quarter 2023 Results

Key Financial Results

• Revenue: ₹6.56b (up 12% from 2Q 2022).
• Net income: ₹925.5m (up 4.9% from 2Q 2022).
• Profit margin: 14% (down from 15% in 2Q 2022).
  • The decrease in margin was driven by higher expenses.
• EPS: ₹1.58 (up from ₹1.51 in 2Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sona BLW Precision Forgings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.0%.

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Auto Components industry in India.

Performance of the Indian Auto Components industry.

The company's shares are down 2.8% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Sona BLW Precision Forgings' balance sheet health.

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