Sona Blw Precision Forgings Limited has informed the Exchange about Investor Presentation
SONACOMS · price
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Sona Comstar (SONACOMS) reported weak Q1 FY26 results with revenue declining 5% YoY to ₹8,509 million, mainly dragged by a 25% YoY drop in BEV revenue to ₹2,106 million. EBITDA fell 19% YoY to ₹2,025 million, with margins contracting 430 basis points to 23.8% due to adverse operating leverage and unfavorable product mix. PAT stood at ₹1,247 million, down 12% YoY, with a 14.3% margin. On the positive side, the net order book grew to ₹262 billion (7.4x FY25 revenue), with 75% from EV programs, and the company won a ₹15,500 million EV differential program from a major North American OEM and a ₹2,600 million E3W program from an Indian OEM. The company also announced a 60% stake JV with China's JNT ($20 million) to enter the Chinese driveline market, expected to generate revenue from H2 FY26.
Near-term pressure on the stock is likely as profitability metrics (EBITDA margin, ROE, RoCE) all deteriorated sequentially and YoY. However, the strong order book visibility of 7.4x revenue, growing EV program count, and the strategic China JV provide long-term growth comfort, making this a mixed quarter for shareholders.