In this video, we dive into the recent surge of Sona BLW Precision Forgings, with shares jumping 10% to ₹707 following impressive Q2 results. The company reported a 16% increase in profit after tax, reaching ₹143.57 crore, and a 17% rise in revenue to ₹922.18 crore, driven significantly by battery electric vehicles, which contributed 36% of total sales.
Additionally, Sona BLW is making strategic moves by acquiring Escorts Kubota's Railway Equipment Division for ₹1,600 crore, positioning itself for further growth in the automotive sector. Join us as we explore what these developments mean for investors and the future of Sona BLW Precision Forgings!
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