SONACOM Stock Surges 13.03% After Q2 Results and Strategic Acquisition
Why SONACOM share price increase 13.03% ?
Today SONACOM declared its Q2 result for FY25 and also announced that they have agreed to buy ESCORTS’s railway equipment business for Rs.1600 crore.
Q2 results for the FY25
SONACOMS Q2 Results: revenue rose 14.64% to 922.00 and net profit rose 13.89% to 144.00 YoY
The current quarter’s (Sep 2024) revenue is 922.00 crore which is 891.00 crore more than last quarter’s (Jun 2024) revenue. , However, compared to last year’s quarter revenue it is greater than Sep 2023 revenue of 787.00 crore.
The current quarter (Sep 2024) Net Profit is 144.00 crore which is 142.00 crore more than last quarter (Jun 2024) Net Profit. , However, compared to last year’s quarter net profit it is greater than the Sep 2023 net profit of 124.00 crore.
Current quarter (Sep 2024) Profit Margin is 0.27 which is 0.28 less than last quarter (Jun 2024) Profit Margin. , However, compared to last year’s quarter profit margin it is less than the Sep 2023 profit margin of 0.28 .
The current quarter (Sep 2024) EPS is 2.32 which is 2.42 less than last quarter’s (Jun 2024) EPS. , However, compared to the previous year’s quarter EPS it is greater than the Sep 2023 EPS of 2.12.
The current quarter (Sep 2024) EPS is 2.32 which is 2.42 less than last quarter’s (Jun 2024) EPS. , However, compared to last year’s quarter EPS it is greater than Sep 2023 EPS of 2.12.
SONA Comstar expects good returns from acquisitions from the first year itself and provides growth for the company. This acquired company is the leading supplier of brakes and suspension systems for various rolling stocks. Let’s see how this new acquisition works for this Sona coms.