Latest news with #SonaBLWPrecisionForgings
Time of India
13-06-2025
- Automotive
- Time of India
Sona BLW shares fall 8% intraday as Chairman's demise, Israel-Iran tensions dent sentiments
Shares of Sona BLW Precision Forgings fell over 8% on Friday on the intraday basis dragged by an ill-fated demise of company's Chairman and Non-Executive Director Sunjay Kapur on Thursday. The overall weak market sentiments on the back of growing tensions between Israel and Iran added to the woes. "With profound sadness, we announce the passing of our esteemed Chairman and Non-Executive Director, Mr. Sunjay Kapur on June 12, 2025, in England, United Kingdom," the filing said. "We assure our customers, business partners, employees, and shareholders that our operations and prospects remain unchanged as we honor his legacy. We are committed to upholding his legacy by advancing our mission and the values he instilled in Sona Comstar," the filing said further. Fresh geopolitical tensions which flared on Friday also caused significant damage to the market mood as Israel launched attacks against military and nuclear sites in Iran, which left key military commanders and nuclear scientists dead while stoking fears of a full-blown war in the region. Asian markets including India fell sharply. India's headline index Nifty fell by over 400 points or 1.6% to hit the day's low of 24,473 while the BSE Sensex plunged by over 1,300 points to touch the bottom of 80,354.59/. The selling pressure was seen across sectors with banks, auto and energy stocks getting most severely punished. While the auto stocks made some recovery, the Nifty Auto index fell 500 points or 2% in the day's trade with 14 stocks out of 15, trading in the red. Sona Comstar, formerly known as Sona BLW Precision Forgings, is a leading Indian-based automotive technology company specialising in the design, manufacturing, and supply of automotive systems and components. They produce parts for both traditional and electric vehicles, including differential assemblies, gears, starter motors, and EV traction motors. The company reported its highest-ever quarterly net profit, despite a year-on-year decline in revenue for the fourth quarter. In Q4 FY25, the company recorded a net profit of ₹164 crore, reflecting a 10% YoY increase. Revenue for the quarter stood at Rs 868 crore, marking a 2% decline.
Economic Times
13-06-2025
- Automotive
- Economic Times
Sona BLW shares fall 8% intraday as Chairman's demise, Israel-Iran tensions dent sentiments
Shares of Sona BLW Precision Forgings fell over 8% on Friday on the intraday basis dragged by an ill-fated demise of company's Chairman and Non-Executive Director Sunjay Kapur on Thursday. The overall weak market sentiments on the back of growing tensions between Israel and Iran added to the woes. ADVERTISEMENT "With profound sadness, we announce the passing of our esteemed Chairman and Non-Executive Director, Mr. Sunjay Kapur on June 12, 2025, in England, United Kingdom," the filing said. "We assure our customers, business partners, employees, and shareholders that our operations and prospects remain unchanged as we honor his legacy. We are committed to upholding his legacy by advancing our mission and the values he instilled in Sona Comstar," the filing said further. Fresh geopolitical tensions which flared on Friday also caused significant damage to the market mood as Israel launched attacks against military and nuclear sites in Iran, which left key military commanders and nuclear scientists dead while stoking fears of a full-blown war in the markets including India fell sharply. India's headline index Nifty fell by over 400 points or 1.6% to hit the day's low of 24,473 while the BSE Sensex plunged by over 1,300 points to touch the bottom of 80,354.59/.The selling pressure was seen across sectors with banks, auto and energy stocks getting most severely punished. ADVERTISEMENT While the auto stocks made some recovery, the Nifty Auto index fell 500 points or 2% in the day's trade with 14 stocks out of 15, trading in the red. Sona Comstar, formerly known as Sona BLW Precision Forgings, is a leading Indian-based automotive technology company specialising in the design, manufacturing, and supply of automotive systems and components. They produce parts for both traditional and electric vehicles, including differential assemblies, gears, starter motors, and EV traction motors. ADVERTISEMENT The company reported its highest-ever quarterly net profit, despite a year-on-year decline in revenue for the fourth quarter. In Q4 FY25, the company recorded a net profit of ₹164 crore, reflecting a 10% YoY increase. Revenue for the quarter stood at Rs 868 crore, marking a 2% decline. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
13-06-2025
- Automotive
- Business Standard
Sona BLW shares fall 8% after Chairman Sunjay Kapur passes away at 53
Sona BLW Precision Forgings share price sank 7.7 per cent in trade on Friday, June 13, 2025, logging an intraday low at ₹471.55 per share on BSE. The selling pressure on the counter came after Chairman and Non-Executive Director, Sunjay Kapur, passed away. "With profound sadness, we announce the passing of our esteemed Chairman and Non-Executive Director, Sunjay Kapur, on June 12, 2025, in England, United Kingdom," Sona BLW's filing read. The filing added: We assure our customers, business partners, employees, and shareholders that our operations and prospects remain unchanged as we honor his legacy. We are committed to upholding his legacy by advancing our mission and the values he instilled in Sona Comstar. At 10:12 AM, Sona BLW shares were trading 1.56 per cent lower at ₹502.95 per share on the BSE. In comparison, the BSE Sensex was down 1.03 per cent at 80,853. The company's market capitalisation stood at ₹31,272.41 crore. Its 52-week high was at ₹767.8 per share and 52-week low was at ₹379.8 per share. Who was Sunjay Kapur? Sunjay Kapur, chairman of auto components major Sona Comstar and a prominent figure in India's automotive sector, died at the age of 53. He reportedly suffered a heart attack during a polo match in England. Kapur was widely credited with transforming his family's automotive business, Sona Comstar, into a global force, particularly in the field of EV-focused auto components. According to a media report, Kapur was recently appointed as the chairman of the Confederation of Indian Industry (CII) northern region. In this role, he was set to lead the industry body's initiatives across seven states—Uttar Pradesh, Delhi, Haryana, Punjab, Himachal Pradesh, Rajasthan, and Uttarakhand—as well as the Union territories of Chandigarh, Jammu & Kashmir, and Ladakh. About Sona BLW Precision Forgings Sona BLW Precision Forgings Limited (SonaComstar) is a global automotive technology company headquartered in Gurugram, India, with 9–11 manufacturing and assembly plants across India, China, Mexico, and the USA.
Time of India
05-05-2025
- Automotive
- Time of India
Trump tariffs: Sona sees short term pain, explores alternatives to cut Chinese imports
HighlightsSona BLW remains optimistic despite US tariffs, citing past resilience, strong order book, and robust financials. CEO predicts industry consolidation, with weaker players exiting and stronger firms like Sona gaining market share. Short-term impact acknowledged, with concerns over global auto demand and supply chain disruptions due to rare earth dependence on China. Sona enters humanoid robot components market, leveraging core strengths in gears, motors, sensors, and actuators. Indian auto component suppliers have begun insisting that there is a silver lining in the dark clouds of tariffs imposed by US President Donald Trump, never mind the short term debilitating effects. Even the added complexity of China subsequently tightening the screws on its global exports of rare earths in the wake of Trump's actions has failed to dampen the cheer exuded by component makers such as Sona BLW Precision Forgings ( Sona Comstar ). The company's optimism is based on two factors: a) a been there, done that attitude, which is a result of a large order book and substantial growth after the Covid19 disruption b) hope that in the medium to long term, weaker global auto parts manufacturers may not survive the impending chaos whereas companies with strong balance sheets like Sona will be able to ride the trough of tariffs. But the short term worry remains. Sona provides mission critical systems for electrified and non electrified powertrains to BEVs as well as ICE vehicles , in India and many markets across the world. In the medium to long term, we expect many opportunities to emerge from this chaos (tariffs by the USA). We firmly believe that many weaker players may not survive this Vikram Singh Vivek Vikram Singh , MD and Group CEO, said after the Q4 FY25 results that 'in the medium to long term, we expect many opportunities to emerge from this chaos (tariffs by the USA). We firmly believe that many weaker players may not survive this disruption. This should lead to further consolidation in the hands of companies with strong technology moves. Indian companies like ours that can provide world-class product performance and quality and have robust margins and healthy cash balances should emerge from this period much stronger than before. We have had this kind of disruption in COVID times also and we enjoyed a period of very high growth and a lot of order book additions, even in that time. And there is this ability, I think, we have as a company that when Brownian motion or random motion increases, we tend to benefit far more than our peers.' Read more: Sona BLW Q4 net profit rises 10% to ₹164 crore despite revenue dip But short term pain cannot be gainsaid. Singh said the tariffs will adversely impact the demand for cars and light trucks and since Sona is a supplier to automakers globally, 'we may not be, we in fact are not immune to the demand and supply disruptions. But if you can look beyond the short term, I think there is also a lot of opportunity. Second, global automotive production, and this I include every market, may see disruptions due to supply chain complexities and high dependence on China, especially for rare earth materials.' In the case of Sona, imports from China include magnets and Singh said the company was working with the Indian government and the Chinese embassy to speed up magnet imports. It is also searching for alternatives to the Chinese magnets. 'We are also evaluating alternate materials including ferrite, different grades of magnets, different technologies as well as different supply sources. So to sum up in a fairly confusing and uncertain time, we believe this trade war to be disruptive and adverse in the short term for the entire global auto industry,' he said. We are also evaluating alternate materials including ferrite, different grades of magnets, different technologies as well as different supply sources. So to sum up in a fairly confusing and uncertain time, we believe this trade war to be disruptive and adverse in the short term for the entire global auto Vikram Singh In a recent comment on the impact of Trump tariffs on Indian auto component makers, ICRA had estimated anywhere between Rs 2,700 crore to Rs 4,500 crore on the component OEMs' earnings after the imposition of steep US tariffs on key automotive parts. The new levies include 25% tariff on engines, transmission, electrical components, and other auto parts. These tariffs may also moderate the overall auto component industry's revenue growth to 6-8% in the current fiscal, which is a downward revision from an earlier projection of 8-10%. Humanoid robots Predicting rapid adoption of 'Humanoid Robots' in the market over the next decade, Sona has meanwhile decided to become a supplier of materials for these robots. 'These robots have potential applications in a lot of industries, services as well as households. Like all other mobility segments, motors, drives, gears and reducers constitute more than 50% of the bill of materials for humanoids…So we'll be leveraging our core capabilities to develop components for humanoid robots,' Singh said. Sona believes that these robots will have industrial, logistics and commercial applications and even in households, they will be playing a 'dominant' role in the future. And thus, it is important for the company not to miss this mega trend. 'Sona comes with its strong capabilities in gears, sensors, motors, controllers, embedded hardware and software is uniquely positioned to ride this wave. At the heart of these humanoids are actuators, which control practically all aspects of motion, linear and rotary. They also contribute to over 50% of the 35,000 to 50,000 dollar bill of material cost. We have begun exploratory work in components and systems that will get us into this field faster,' another company official said. Sona will leverage existing capabilities across driveline, motor, and sensor divisions to offer integrated products like rotary linear actuators and vision systems. Read more: Sona-Comstar, IIT Delhi Innovation Program for Smart, Safe and Clean Mobility
Business Standard
02-05-2025
- Business
- Business Standard
Sona BLW Precision Forgings consolidated net profit rises 10.38% in the March 2025 quarter
Sales decline 2.19% to Rs 864.75 crore Net profit of Sona BLW Precision Forgings rose 10.38% to Rs 164.12 crore in the quarter ended March 2025 as against Rs 148.68 crore during the previous quarter ended March 2024. Sales declined 2.19% to Rs 864.75 crore in the quarter ended March 2025 as against Rs 884.13 crore during the previous quarter ended March 2024. For the full year,net profit rose 16.23% to Rs 601.21 crore in the year ended March 2025 as against Rs 517.27 crore during the previous year ended March 2024. Sales rose 11.34% to Rs 3546.02 crore in the year ended March 2025 as against Rs 3184.77 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 864.75884.13 -2 3546.023184.77 11 OPM % 26.7427.93 - 27.2628.33 - PBDT 281.88248.47 13 1072.02900.25 19 PBT 217.25188.62 15 817.63680.03 20 NP 164.12148.68 10 601.21517.27 16
