Key Financial Performance - Q1 FY27

Revenue Performance:

  • Revenue: ₹1,310 crores
  • Year-over-Year Growth: 54%
  • BEV (Battery Electric Vehicle) Revenue Share: 44% (all-time high)
  • BEV Revenue Growth: 107% YoY

Profitability Metrics:

  • EBITDA: ₹303 crores
  • EBITDA Margin: 23.1%
  • EBITDA Growth: 49% YoY
  • PAT: ₹181 crores
  • Net Profit Margin: 13.6%
  • PAT Growth: 45% YoY

Strategic Developments

Sona Comstar 2.0 Strategy:

  • Aspiration to achieve 10x revenue growth over the next decade ending FY35
  • Three strategic pillars:

1) Accelerate building new product verticals organically and inorganically

2) Increase focus on Eastern world markets

3) Target intelligent and connected systems as another long-term technology growth pillar alongside electrification

New Business Vertical Announcement:

  • Expansion into "Robotics and Physical AI" vertical
  • Focus areas:

1) Mission-critical components and subsystems for Robotics and Physical AI

2) Perception stack development and ER&D services for Robotics and Physical AI platforms

3) Development and manufacturing of selected full-stack robot platforms

Partnership Update:

  • Partnership with DENSO to enter high-voltage electric and hybrid powertrain systems

Operational Highlights - New Orders Won

Order 1:

  • Customer: Existing North American OEM of ICE and Electric Passenger Vehicles
  • Product: Differential assemblies for hybrid passenger vehicle platform
  • Order Value: ₹6.4 billion added to order book
  • Production Commencement: H2 FY29 (second half of financial year 2028-29)

Order 2:

  • Customer: New Age OEM of Electric two wheelers
  • Product: Hub wheel traction motors
  • Order Value: ₹900 million added to order book
  • Production Commencement: H2 FY26 (second half of financial year 2025-26)

Order 3:

  • Customer: Existing North American OEM of ICE and Electric Passenger Vehicles
  • Product: Differential gears for ICE passenger vehicle platform
  • Order Value: ₹2.1 billion added to order book
  • Production Commencement: H2 FY28 (second half of financial year 2027-28)

Management Commentary

Mr. Vivek Vikram Singh, MD & Group CEO, highlighted that Q1 FY27 marked the unveiling of Sona Comstar 2.0 strategy. He noted the achievement of highest-ever quarterly revenue, BEV revenue, and BEV revenue share despite continued weakness in the US EV market, demonstrating increasing diversification across customers, products, and geographies.

Company Background

Sona BLW Precision Forgings Limited (Sona Comstar) is a leading mobility technology company founded in 1995, headquartered in Gurugram, India. The company has global operations with manufacturing and assembly facilities, R&D centres, and engineering capability centres across India, USA, Serbia, Mexico, and China. The company supplies mission-critical systems and components to mobility OEMs, with particular strength in driveline and traction motor solutions for electric vehicles.