Gurgaon, India – 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 year ended March 31st, 2026.
Key Financial Highlights – Q4 FY26
- Revenue of Rs. 1,272 crores with 47% YoY growth
- Revenue share from BEV at all time high at 39% in Q4, BEV revenue grew by 22% YoY
- EBITDA of Rs. 311 crores with a margin of 24.4% and 32% YoY growth
- PAT of Rs. 192 crores with a net profit margin of 14.7% and 17% YoY growth
- We won four driveline orders which include three EV programs and one hybrid program. We won three driveline orders from European OEMs in a quarter for the first time.
Key Financial Highlights –FY26
- Revenue of Rs. 4,475 crores with 26% YoY growth
- EBITDA of Rs. 1,107 crores with an EBITDA margin of 24.7%
- Adjusted PAT* of Rs. 670 crores with a net profit margin of 14.7% and 11% YoY growth
- Added 9 new EV programs and 3 EV customers in FY26, increasing EV program to 67 from 35 customers.
Management Comment
Mr Vivek Vikram Singh, MD & Group CEO, commented: “Q4 FY26 was our strongest quarter financially and an important step forward in our strategic and technology roadmap, with new customers added in Europe and two new railway products commercialized. We delivered our best-ever quarter, with the highest revenue, EBITDA, PAT, BEV revenue and BEV revenue share. Revenue grew by 47% year on year, primarily driven by growth in EV traction and suspension motors, differential gears, differential assemblies along with consolidation of railway business. BEV revenue grew 22% year on year, and BEV revenue share reached an all-time high of 39%. During the quarter, we won four driveline orders which includes three EV programs and one hybrid program. For the first time, we won three orders from European OEMs, and this is our first EV program win from Europe in almost four years. The hybrid program wins reinforce our view that hybrids are an opportunity for us, not a risk. In Railways, we have commercialized two new products – Electric control panels and HVAC systems- further expanding our offerings in this business.”
Operational Highlights – Q4 FY26 and FY26
Key Developments:
- Sona Comstar has received an order from a new customer, a European OEM of ICE and Electric Passenger Vehicles, to supply differential gears for their BEV program in North America. This program has added Rs 2.2 billion to our order book, and production is likely to commence in H1 FY29.
- Sona Comstar has received an order from a new customer, a luxury European OEM of ICE and Electric Passenger Vehicles, to supply differential assemblies for their BEV program in Europe. This program has added Rs 1.4 billion to our order book, and production is likely to commence in H1 FY28.
- Sona Comstar has received an order from an existing customer, a European OEM of ICE and Electric Passenger Vehicle, to supply differential assemblies for their Hybrid platform in Europe. This program has added Rs 1.2 billion to our order book, and production is likely to commence in H2 FY28.
- Sona Comstar has received a new EV differential assembly order from two existing customers: an Indian OEM across PVs, CVs and EVs, and a European OEM of ICE and electric passenger vehicles. The program involves supplying differential assemblies for their BEV platform in India. This program has added Rs 1.0 billion to the order book, with production expected to commence in H1 FY28.
Electrification:
- BEV Revenue Share: Revenue from Battery EV grew by 22% YoY to Rs. 359 crores in Q4FY26 and contributed 39% of total revenue.
- EV programs: In Q4 FY26, we added 3 new EV programs, bringing the total number of awarded programs to 67 across 35 different customers.
*PAT growth and absolute Net profit excludes the impact of exceptional items **refer to Investor Presentation
