Bernstein on Sona BLW ; OW, TP Rs 850

Q2 Revenue growth (+35% YoY) reflects several levers coming through together: traction motors gaining share, strong recovery in differential assemblies, & suspension motors scaling in China Business enters H2 with a broader base of growth & further programs to ramp While declining percentage margins will understandably attract attention, don’t think earnings case require a return to historical peaks while revenue opportunity continues to expand Management has, however, retained its 23-25% EBITDA margin framework

SONA BLW PRECISION FRGS L

← Back to feed