Highest-ever Revenue, EBITDA, and Net Profit in a quarter Revenue grows 24% YoY, EBITDA grows 13%, and PAT grows 20% YoY
Successfully developed, tested, and validated Rare Earth Free Motors for EV applications
Chennai, India, October 27, 2025: Sona BLW Precision Forgings Ltd. (Sona Comstar), a leading mobility technology company providing mission-critical systems and components for electrified and non-electrified powertrain segments, today announced its financial results for the quarter and half-year ended September 30, 2025.
Key Financial Highlights – Q2 FY26
- Revenue of Rs. 1,144 crores with 24% YoY growth
- EBITDA of Rs. 289 crores with a margin of 25.3% and 13% YoY growth
- PAT of Rs. 173 crores with a net profit margin of 14.9% and 20% YoY growth
- Revenue share from Battery Electric Vehicles (BEV) at 32%
Key Financial Highlights – H1 FY26
- Revenue of Rs. 1,994 crores with 10% YoY growth
- EBITDA of Rs. 492 crores with an EBITDA margin of 24.6%
- PAT of Rs. 297 crores with a net profit margin of 14.6% and 4% YoY growth
- EV programs contribute 70% to the net order book* of Rs. 23,600 crores as of September 30, 2025
Management Comment
Mr Vivek Vikram Singh, MD & Group CEO, commented: “We achieved our highest-ever quarterly revenue, EBITDA, and net profit in Q2 FY26. Our revenue grew by 24% year-on-year, primarily driven by the expansion of our electric vehicle traction motor and railway business in India. Due to the unavailability of heavy rare-earth magnets, we shifted to alternative motor designs and now manufacture light rare-earth magnet motors for electric two-wheelers. We have developed a rare-earth-free ferrite-assisted synchronous reluctance motor for three-wheelers and light commercial vehicles. It was also a successful quarter for business development as we won several significant new orders. We have been nominated for two additional programs—one in Asia and the other in Europe—to supply our motors and motor controllers for predictive active suspension systems. These nominations are important as they indicate that our innovative suspension system is gaining wider acceptance just months after its first commercial launch. We received our first order from our new driveline plant in Mexico to supply differential assemblies to an OEM in the USA, amid ongoing trade uncertainties. Lastly, we are partnering with Neura Robotics to jointly develop advanced components and technologies, with a focus on industrializing robots, cobots, and humanoids in India and other markets.”
Operational Highlights – Q2 FY26 and H1 FY26
Electrification:
- BEV Revenue Share: Revenue from Battery EV was lower by 21% YoY to Rs. 475 crores in H1 FY26 and contributed 30% of total revenue.
- EV programs: In H1 FY26, we added four new EV programs, bringing the total number of awarded programs to 62 across 32 different customers.
- Sona Comstar has successfully developed, tested, and validated a rare-earth-free, ferrite-assisted synchronous reluctance motor for electric three-wheelers and light commercial vehicles. The company manufactures and supplies motors for electric two-wheelers that use lightweight rare-earth magnets.
Key Developments:
- Sona Comstar has received the first order for its driveline plant in Mexico to supply differential assemblies to an existing customer, a North American OEM of Recreational Off-highway Vehicles. This program has added Rs 2.6 billion to our order book, and production is likely to commence in Q2 FY28.
- Sona Comstar has been nominated for two more programs to supply its integrated motor controller modules for the active suspension systems. One nomination is from an existing customer, an Asian EV OEM, and the second is from a European OEM of luxury performance cars. These two nominations have an order value of INR 8.2 billion and are expected to start production in Q2 FY27.
- Sona Comstar has signed an MOU with Neura Robotics of Germany. Neura Robotics is a pioneer in the field of Cognitive robotics. This strategic collaboration aims to jointly develop advanced technologies, components, and subassemblies, and to industrialize Robots and Humanoids for India and mutually agreed markets.
- Sona Comstar and JNT have mutually agreed to put their proposed Joint Venture (JV) in China in abeyance. However, both companies have expressed their willingness to cooperate with each other on select foundry products and remain open to future collaboration. The term sheet executed by the parties for the proposed JV on 20th July 2025 stands rescinded.
*refer to Investor Presentation
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About Sona BLW Precision Forgings Limited
Sona BLW Precision Forgings Limited (Sona Comstar) is one of the world’s leading mobility technology companies. Founded in 1995, Sona Comstar is headquartered in Gurugram, India. It is a global supplier with manufacturing and assembly facilities, R&D centres, and engineering capability centres across India, the USA, Serbia, Mexico, and China.
Sona Comstar designs, manufactures, and supplies highly engineered, mission-critical systems and components to mobility OEMs. It is a leading supplier of driveline and traction motor solutions to the fast- growing global electric vehicle (EV) market. As a leading supplier of brake systems, couplers, and suspension
systems for the railway industry, Sona Comstar prioritizes innovation and reliability to ensure safe and comfortable rail journeys. The company has strong R&D, engineering, and technological capabilities in precision forging, mechanical and electrical systems, radar sensors, and base and application software development. It is diversified across geographies, products, vehicle segments, and customers.
Sona Comstar is listed on BSE Ltd (BSE) (Code: SONACOMS/543300) and the National Stock Exchange of India Ltd. (NSE) (Symbol: SONACOMS). To learn more about Sona Comstar, please visit www.sonacomstar.com.
DISCLAIMER:
Certain statements made or discussed at the conference call may be forward-looking. Such forward-looking statements are subject to certain risks and uncertainties, such as government actions, local, political, or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. Sona BLW Precision Forgings Ltd. will not be responsible, in any manner for any reason whatsoever, for any action taken based on such statements and discussions, and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.







