Sona BLW Precision Forgings Limited (SONACOMS) — Financial Results

1 Financial Results 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Record Q4 FY26 financial results with 47% YoY revenue growth and highest-ever BEV revenue share at 39%

🔄 What Changed
Revenue grew 47% YoY to ₹1,272 crores; PAT grew 17% YoY to ₹192 crores; BEV revenue share reached 39% of total revenue

🔮 What's Next
Production expected to commence in H1 FY28 and H1 FY29 for new orders totaling Rs 4.6 billion

💡 Investor Takeaway
Strong EV momentum with record revenue and margins, supported by new European OEM orders and expanding BEV program wins

Sona BLW Precision Forgings Limited reported record financial performance for Q4 FY26 and FY26, with revenue reaching ₹1,272 crores in Q4, up 47% YoY, and full-year revenue of ₹4,475 crores, up 26% YoY. EBITDA grew 32% YoY to ₹311 crores in Q4, while PAT increased 17% YoY to ₹192 crores. The company achieved its highest-ever BEV revenue share at 39% of total revenue, driven by strong EV program wins including three European OEM orders. Operational highlights included new orders totaling Rs 4.6 billion across EV, hybrid, and ICE platforms, with production expected to commence between FY28 and FY29. Management highlighted strategic progress in electrification and railway product commercialization.

2 Financial Results 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Sona BLW reported Q4 FY26 revenue of ₹12,723 crores, up 47% YoY, with EBITDA at ₹3,588 crores and PAT of ₹1,919 crores.

🔄 What Changed
EBITDA margin declined 2.7 percentage points to 24.4% and PAT margin fell 4.1 percentage points to 14.7% due to lower EBITDA margin and reduced net finance income.

🔮 What's Next
The company added ₹57 billion in orders during FY26, ending with a ₹237 billion orderbook (5.3x FY26 revenue), with BEV programs growing to 67 across 35 customers.

💡 Investor Takeaway
The company added ₹57 billion in orders during FY26, ending with a ₹237 billion orderbook (5.3x FY26 revenue), with BEV programs growing to 67 across 35 customers.

Sona BLW reported Q4 FY26 revenue of ₹12,723 crores, up 47% YoY, with EBITDA at ₹3,588 crores (32% YoY growth) and PAT of ₹1,919 crores (17% YoY growth). EBITDA margin declined 2.7 percentage points to 24.4% due to lower EBITDA margin and reduced net finance income, while PAT margin fell 4.1 percentage points to 14.7%. FY26 revenue reached ₹44,751 crores (26% YoY), though BEV revenue declined 6% to constitute 35% of automotive sales. Adjusted PAT margin was 14.7% after a one-time ₹301 crore impact from new labour code. The company added ₹57 billion in orders during FY26, ending with a ₹237 billion orderbook (5.3x FY26 revenue), with BEV programs growing to 67 across 35 customers. Strategic focus remains on electrification, global market expansion, and technology diversification, including EVTOL and AMR platforms.