Sona BLW Q2 Results Review - Robust Quarter In Challenging Times: Systematix
Sona Comstar won new orders in electric vehicles and has built a strong order book of Rs 205 billion for the next 10 years.
BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
Sona BLW Precision Forgings Ltd.’s Q2 FY23 operating performance was 5% ahead of consensus and our estimates, as Ebitda margin surprised positively. The significant ramp up in battery electric vehicle revenues continued; this segment now accounts for 25% of sales in H1 FY23 (versus 14% in FY21).
Sona Comstar won new orders in electric vehicles (six during H1 for differential assemblies with final gear and traction motors) and has built a strong order book of Rs 205 billion for the next 10 years.
The company has fortified its position in traction motors and controllers through multiple technology collaborations (IRP Systems, Enedym and C-motive tech).
It now has a product offering (under mass production and / or prototype under testing) across vehicle segments.
We see Sona Comstar as a direct play on global electrification, as the addressable market for DA and traction motor increases 50 times to $5 billion by CY30.
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.