SONACOMSNSESona BLW Precision Forgings LimitedMediumNeutral
Announced Tue, 6 May · 14:24 IST

Sona Blw Precision Forgings Limited has informed the Exchange about Transcript

Order Pipeline DisclosedMgmt Guided Margin PressureMgmt Evaded Key QuestionInvestor Communications View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Sona Comstar filed the transcript of its Q4 FY25 earnings call held on April 30, 2025. Q4 revenue declined 2% YoY to ₹868 crore due to a model transition at a large US EV customer, but adjusted PAT hit a record high of ₹170 crore (up 10%) on the back of strong net interest income from QIP proceeds. For the full year, revenue grew 12% to ₹3,555 crore, adjusted EBITDA crossed the ₹1,000 crore milestone for the first time, and PAT rose 19% to ₹636 crore. BEV revenue surged 38% to ₹1,224 crore (36% of mix), and the net order book touched a record ₹24,200 crore ($2.8 billion) with 77% from EVs, including a new North American EV program won right after the US tariff announcement. Management flagged US tariffs as a near-term demand risk (3% of revenue at medium risk) and announced plans to enter the humanoid robot components space, with the EKL railway business set to consolidate from June 1.

Likely market impact

Near-term margin pressure is likely as the lower-margin railway business (18% EBITDA) blends with the existing 27% margin business, pulling group margins toward the 24-26% range in FY26. However, the record order book, 38% BEV revenue growth, and diversification into humanoid robotics support the long-term growth story, even as US tariff-related demand uncertainty persists.