Financial Performance - Q2 FY27

  • Revenue: ₹1,547 crores, representing 35% year-on-year growth
  • EBITDA: ₹356 crores with EBITDA margin of 23.0%, showing 23% YoY growth
  • PAT: ₹223 crores with net profit margin of 14.4%, showing 29% YoY growth
  • BEV Revenue: Achieved record levels with 129% YoY growth
  • BEV Revenue Share: Reached all-time high of 51% of automotive revenues

Financial Performance - H1 FY27

  • Revenue: ₹2,857 crores, representing 43% year-on-year growth
  • EBITDA: ₹658 crores with EBITDA margin of 23.0%
  • PAT: ₹403 crores with net profit margin of 14.1%, showing 36% YoY growth

Operational Highlights

  • Order Book: Net order book stood at ₹25,100 crores (second highest ever)
  • New Order Additions: ₹36 billion secured in Q2 FY27
  • Order Book Composition: EV and Robotics & Physical AI programs contribute 65% to net order book
  • Product Commercialization: Three new products commercialized in Q2 (highest-ever in a quarter)
  • Helical limited slip differential for EVs
  • Air springs for railway passenger coaches
  • Rear radar sensors for two-wheelers

Quality Achievement

  • Sona Comstar's Driveline Division awarded the 2026 Deming Prize for Total Quality Management by Union of Japanese Scientists and Engineers (JUSE)
  • Recognition comes after nine years of sustained quality improvement efforts
  • Only 55 organizations outside Japan had won the prize before 2026 since its inception in 1951

New Order Details

From Existing Customers:

  • Global EV OEM: Supply of helical limited slip differentials for EV passenger vehicle platform
  • Order value: ₹7.0 billion
  • Production commencement: H1 FY29
  • Indian Two-Wheeler OEM: Supply of integrated motor controllers for EV two-wheeler platform
  • Order value: ₹3.8 billion
  • Production commencement: H1 FY28
  • Indian Two-Wheeler OEM: Additional traction motor volumes under existing order
  • Order value: ₹12.5 billion
  • Production commencement: H2 FY27
  • Indian Multi-Segment OEM: Supply of differential assemblies for ICE passenger vehicle platform (new product entry)
  • Order value: ₹1.6 billion
  • Production commencement: H2 FY28
  • North American OEM: Supply of starter motors for ICE passenger vehicle platform
  • Order value: ₹3.3 billion
  • Production commencement: H1 FY29

From New Customer:

  • Two-Wheeler OEM: Supply of rear radar sensors for two-wheelers
  • Order value: ₹1.0 billion
  • Production commencement: H2 FY28

Management Commentary

Mr. Vivek Vikram Singh, MD & Group CEO, stated that Q2 FY27 was "almost a perfect quarter" across all business metrics including financial performance, technology development, new orders, and cash flow generation. He highlighted that H1 FY27 free cash flow from operations exceeded the entire FY26 amount by more than one and a half times. The strong performance gives management greater confidence in the company's "10X ambition under Sona Comstar 2.0".

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 facilities in India, USA, Serbia, Mexico, and China. It supplies mission-critical systems and components to mobility OEMs, with particular strength in EV driveline and traction motor solutions.