Sona Comstar shares rise 9% post-Q2 results; brokerages bullish amid strong revenue growth

Sona BLW Precision Forgings shares rose 9% on October 27 after the company posted 29% growth in net profit to Rs 223.4 crore for the July-September quarter, driven by robust revenue growth. The auto component major's consolidated net profit was Rs 172.7 crore in the year-ago period, according to an exchange filing. Its revenue from operations jumped 34.9% to Rs 1,535.84 crore from Rs 1,138.29 crore a year ago. "Q2FY27 was almost a perfect quarter for us, across all business metrics like financial performance, technology and new product development, new orders, cash flow generation and the conferring of the Deming Award after a nine-year quality journey,"

MD and group CEO Vivek Vikram Singh said. Its revenue from the battery electric vehicle segment surged 129%, and its share of auto business revenue reached an all-time high of 51% in the quarter. Its net order book stands at Rs 25,100 crore, with Rs 3,600 crore added during the second quarter. At 1 pm on October 27, Sona Comstar shares were trading 9.2% higher at Rs 856 apiece. "We also commercialised three new products, our highest-ever in a quarter, which include a helical limited slip differential for EVs, air springs for railway passenger coaches and rear radar sensors for two-wheelers," Singh said.