Sona Blw Precision Forgings Limited has informed the Exchange regarding a press release dated August 04, 2025, titled "Q1 financial Results".
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Awaiting price reaction for this filing.
Sona Comstar reported Q1 FY26 revenue of Rs. 8,509 million, down 5% year-on-year, impacted by a 25% drop in battery EV (BEV) revenue. EBITDA fell 19% YoY to Rs. 2,025 million with margins at 23.8%, while profit after tax declined 12% YoY to Rs. 1,247 million (net margin 14.3%). On the positive side, the company won its largest driveline order in 2.5 years from a North American OEM worth Rs. 15.5 billion, pushing its net order book to a record Rs. 262 billion (75% from EV programs). The firm also completed its acquisition of the Railway Equipment Division from Escorts Kubota and signed a JV in China with JNT, investing $12 million to tap the Asian EV market.
Short-term results are weak with revenue, EBITDA, and PAT all declining YoY, but the all-time-high order book of Rs. 262 billion and marquee OEM wins signal strong future revenue visibility. Investors may view the dip as temporary given management's confidence in new programs starting from FY26 onwards, though near-term margin pressure and EV demand softness remain watchpoints.