Sona BLW Precision Forgings Limited — Updates, 23-10-2024: Press Release

Sona BLW Precision Forgings Ltd. reported record financial results for Q2 FY25, with revenue reaching ₹925 crores (up 17% YoY), and a PAT of ₹144 crores (up 16% YoY). Battery Electric Vehicle (BEV) revenue surged 53%, comprising 36% of total revenue. The company announced plans to acquire the Railway Equipment Division from Escorts Kubota, enhancing its clean mobility offerings. It also completed a ₹2,400 crore Qualified Institutions Placement to support growth initiatives.