Sona BLW Precision Forgings witnessed a significant surge in its shares on Thursday, October 26, following the announcement of impressive financial results for the July-September period.
The stock of Sona BLW saw a substantial increase of Rs 25.9, equivalent to 5.2 percent, soaring to Rs 539.6 per share, marking its highest point during intraday trading on BSE.
Maintaining its upward trajectory, around 12:45 pm, Sona BLW Precision Forgings shares continued to show strength, exhibiting a gain of 5.65 percent at ₹541.70 per share.
Post-market hours on Wednesday, Sona BLW Precision Forgings declared a consolidated Profit After Tax (PAT) of Rs 124 crore for the second quarter of the ongoing fiscal year, a significant rise from the Rs 93 crore reported for the corresponding period in the previous year.
This impressive performance was reflected in a 20.5 percent year-on-year growth in revenue, reaching Rs 787 crore, as per the regulatory filing.
