Sona BLW Q3 Results Review - Capabilities Step‐Up Continues: Yes Securities

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. .Yes Securities Report.Sona BLW Precision Forgings Ltd.'s Q3 FY23 results were better as Ebitda/adjusted profit after tax exceeded our estimates by 5%/13% with margins came in at 26.1% (estimate: 25%). This was largely led by decline in raw material inflation. The key highlight of the quarter was the new order win to supply electronic differential lock with an order size of Rs 33.5 billion to global electric vehicle original equipment manufacturer (as single source). EDL is a differential assembly with the content scope is placed towards higher end of $30‐300/vehicle. It has also added four new EV program including differentials assembly and EDL. Sona Comstar’s overall orderbook grew to Rs 238 billion in Dec-22 (versus Rs 205 billion as of Sep-22 and Rs 186 billion as of March 2022). Sona Comstar’s EV revenue mix during nine months-FY23 increased to ~25% (versus ~23% in Sep-22)..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Sona BLW Q3 Results Review - Capabilities Step‐Up Continues: Yes Securities

The management guided majority of new programs would go in to production in six months

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