Profit before tax jumped 23% YoY to Rs 169.03 crore in Q3 FY24.

EBITDA stood at Rs 227 crore, registering the growth of 22% as compared with Rs 186.2 crore posted in corresponding quarter last year. EBITDA margin was at 29.3% in Q3 FY24 as against 27.2% in Q3 FY23.

During the quarter, revenue share from Battery Electric Vehicles (BEV) at 30%, BEV revenue growth of 28% YoY.

The net order book has increased to the highest-ever Rs 24,000 crore.

Meanwhile, the board has declared interim dividend of Rs 1.53 for the financial year 2023-2024. Record date has fixed Monday, 5 February 2024.

Vivek Vikram Singh, MD & Group CEO, said, “With five new BEV program wins, we closed last quarter with an all-time high net order book. Three of the new BEV programs won are for three innovative and unique powertrain solutions, reaffirming our position as the technology leader in our products. From where we stand today and what we see, based on customer schedules and our strong order book, we are certain that electrification will continue to drive strong growth for us in the immediate, medium, and long term.”

Sona BLW Precision Forgings is one of the world's leading automotive technology companies. The company has emerged as a global supplier with nine manufacturing and assembly facilities across India, USA, Mexico and China. It is primarily engaged in designing, manufacturing and supplying highly engineered, mission-critical automotive systems and components to automotive OEMs.