Sona BLW Precision Forgings LimitedQuarter ended September 30, 2026 Results & Financial Update
Sona BLW Precision Forgings Limited: Quarter ended September 30, 2026 consolidated results and company financials – revenue ₹1,535.84 Cr, PAT ₹222.99 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Sona BLW Precision Forgings Quarter ended September 30, 2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Sona Comstar delivered its highest-ever quarterly revenue, EBITDA, and profit after tax in the second quarter of fiscal 2027, propelled by robust execution across its core electrified and non-electrified segments.
Total revenue from operations reached Rs. 1,535.84 crores, representing a sequential expansion from Rs. 1,310.37 crores in the preceding quarter.
Battery electric vehicle revenue surged to unprecedented levels, reaching an all-time high of 51 percent of total automotive revenues during the quarter, supported by a 129 percent year-on-year expansion in BEV-specific revenue as stated in the company's earnings press release.
Profit after tax for the quarter climbed to Rs. 222.987 crores, compared to Rs. 178.513 crores in the June 2026 quarter, reflecting higher operational throughput and earnings momentum.
Profit before tax stood at Rs. 295.964 crores, up from Rs. 240.942 crores in the previous quarter, while basic earnings per share increased to Rs. 3.58 from Rs. 2.90.
The period was marked by significant commercial milestones, including the commercialisation of three new products in a single quarter—the highest number in the company's operating history—alongside prestigious industry recognition for manufacturing quality.
Order intake remained robust, with the company securing Rs. 36 billion in new business wins during the quarter, lifting the net order book to the second-highest level in company history.
01 · Business model
What does Sona BLW Precision Forgings do?
Sona BLW Precision Forgings Limited (Sona Comstar) is a global mobility technology company that designs, manufactures, and supplies mission-critical systems and components for electrified and non-electrified powertrain segments.
The company serves automotive original equipment manufacturers across passenger vehicles, commercial vehicles, off-highway vehicles, and two-wheelers, with an extensive product portfolio including driveline solutions, traction motors, differential assemblies, starter motors, and motor controllers.
Beyond automotive applications, the company supplies brake systems, couplers, and suspension systems for the railway industry, and possesses technological capabilities spanning precision forging, mechanical and electrical systems, radar sensors, and base and application software.
Headquartered in Gurugram, India, Sona Comstar operates a global footprint of manufacturing and assembly plants, research and development centres, and engineering capability hubs across India, the United States, Serbia, Mexico, and China.
02 · Historical context
What shaped the business before this quarter
The company's Driveline Division was awarded the 2026 Deming Prize for Total Quality Management by the Union of Japanese Scientists and Engineers, recognizing nine years of sustained efforts since 2017 to improve quality and organizational discipline.
Founded in 1995, Sona Comstar has progressively expanded from its initial precision forging base into a global mobility technology supplier with R&D and manufacturing facilities across multiple continents.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Quarter ended September 30, 2026 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹1,535.84 Cr | ₹1,310.37 Cr |
| Total income | ₹1,577.37 Cr | ₹1,336.07 Cr |
| Profit before tax | ₹295.96 Cr | ₹240.94 Cr |
| Profit after tax | ₹222.99 Cr | ₹178.51 Cr |
| EPS | ₹3.58 | ₹2.90 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from battery electric vehicles grew by 129% year-on-year, driving the BEV share of total automotive revenue to a record 51% in Q2 FY27.
Total quarterly operating revenue rose to Rs. 1,535.84 crores from Rs. 1,310.37 crores in Q1 FY27, supported by scaling production volumes across existing and newly commercialised programs.
What drove margins
The company reported an EBITDA of Rs. 356 crores for the quarter, achieving an EBITDA margin of 23.0% alongside a 23% year-on-year increase.
Reported net profit after tax of Rs. 223 crores translated to a net profit margin of 14.4% for the quarter.
05 · Demand, customers & order book
Where demand is coming from
Secured Rs. 36 billion in new business orders during Q2 FY27, taking the net order book to Rs. 251 billion.
EV and Robotics & Physical AI programs contribute 65% to the total net order book of Rs. 25,100 crores.
Won an order from a global electric passenger vehicle OEM to supply helical limited slip differentials, adding Rs. 7.0 billion to the order book with production slated for H1 FY29.
Secured an order from an Indian two-wheeler OEM for integrated motor controllers for EV platforms, adding Rs. 3.8 billion with production starting in H1 FY28.
Received additional traction motor volume orders from an existing Indian two-wheeler OEM worth Rs. 12.5 billion, with production commencing in H2 FY27.
Won an order from an Indian multi-segment OEM for differential assemblies for ICE passenger cars worth Rs. 1.6 billion, marking the company's entry into passenger car differential assemblies, with production starting in H2 FY28.
Secured an order from a North American OEM for starter motors for ICE passenger vehicles worth Rs. 3.3 billion, with production starting in H1 FY29.
Won an order from a new two-wheeler OEM customer to supply rear radar sensors worth Rs. 1.0 billion, with production starting in H2 FY28.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The Driveline Division received the 2026 Deming Prize, joining a select group of global manufacturing organizations outside Japan.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Commercialised three new products in Q2 FY27—a company record for a single quarter—including a helical limited slip differential for EVs, air springs for railway passenger coaches, and rear radar sensors for two-wheelers.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Expanded railway offerings through the commercialisation of air springs for passenger coaches.
Entered the two-wheeler safety segment with the commercialisation of rear radar sensors.
09 · Reported developments
What changed operationally
Awarded the Deming Prize for Total Quality Management by JUSE, reflecting nine years of process improvements.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Generated more than 1.5 times the free cash flow from operations in H1 FY27 compared to the entire preceding fiscal year (FY26).
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Deming Prize conferral
The Driveline Division was awarded the 2026 Deming Prize by JUSE, placing Sona Comstar among only 55 non-Japanese organizations to receive the award prior to 2026.
12 · Previous-quarter changes
What changed since the previous quarter
Operating revenue increased from Rs. 1,310.37 crores in Q1 FY27 to Rs. 1,535.84 crores in Q2 FY27.
PAT rose from Rs. 178.513 crores in Q1 FY27 to Rs. 222.987 crores in Q2 FY27.
13 · Key Q&A
The quarter, answered directly
What does Sona BLW Precision Forgings do?
Sona BLW Precision Forgings Limited (Sona Comstar) is a global mobility technology company that designs, manufactures, and supplies mission-critical systems and components for electrified and non-electrified powertrain segments.
What is the clearest takeaway from Quarter ended September 30, 2026?
Sona Comstar delivered its highest-ever quarterly revenue, EBITDA, and profit after tax in the second quarter of fiscal 2027, propelled by robust execution across its core electrified and non-electrified segments.
What drove revenue or demand?
Revenue from battery electric vehicles grew by 129% year-on-year, driving the BEV share of total automotive revenue to a record 51% in Q2 FY27.
What mattered most for margins or profitability?
The company reported an EBITDA of Rs. 356 crores for the quarter, achieving an EBITDA margin of 23.0% alongside a 23% year-on-year increase.
What changed operationally beyond the headline numbers?
Commercialised three new products in Q2 FY27—a company record for a single quarter—including a helical limited slip differential for EVs, air springs for railway passenger coaches, and rear radar sensors for two-wheelers.
What should the next disclosure help confirm?
Commencement of additional traction motor volumes in H2 FY27.
14 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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15 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
H2 FY27 production milestones: Commencement of additional traction motor volumes in H2 FY27.
- 02
H1 FY28 program launches: Scheduled start of production for two-wheeler integrated motor controllers in H1 FY28.
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