Annual Report FY 2024-2025
Awaiting price reaction for this filing.
Sona Comstar submitted its Annual Report for FY2024-25, reporting revenue of INR 35,545 million (up 12% year-on-year) and profit after tax of INR 6,012 million (up 16% year-on-year). Battery Electric Vehicle (BEV) revenue grew 38% to INR 12,235 million, now contributing 36% of total revenue, with 58 EV programmes in the portfolio. EBITDA stood at INR 9,753 million, growing 8%. The company made its largest acquisition to date — the Railway Equipment Division from Escorts Kubota Limited — marking its entry into non-automotive mobility. Over 70% of revenue came from outside India, with North America alone contributing 40%. The company ended the year with a healthy net cash position of INR 26.7 billion.
The report reflects steady growth with strong BEV momentum and a significant diversification move into railways, which should support long-term value creation. However, the sudden passing of Chairman Sunjay Kapur in June 2025 introduces leadership uncertainty, and EBITDA growth of 8% lagging revenue growth of 12% suggests some margin pressure that investors should monitor.