(PTI) Auto components maker Sona BLW Precision Forgings Ltd on Friday reported a 5 per cent rise in consolidated net profit at ₹92.55 crore in the second quarter ended September 30, 2022.
The company had posted a consolidated net profit of ₹88.23 crore in the same period last fiscal, it said in a regulatory filing.
Consolidated revenue from operations stood at ₹652.9 crore as against ₹577.05 crore in the year-ago period, it added.
Total expenses were higher at ₹538.91 crore as compared to ₹469.69 crore previous year.
Sona BLW Precision Forgings MD & Group CEO Vivek Vikram Singh said despite the macro headwinds and high material prices, the company delivered its highest quarterly revenue, EBITDA and net profit in the second quarter of FY23.
"We continue to progress on our key strategic priorities. Our net order book remains strong at ₹20,500 crore, of which EVs now contribute more than two-thirds," he added.