loading
loading
Sona BLW Q2 Results: Net profit surges 30% on higher revenue; BEV revenue jumps 129% - Published OnOct 26, 2026 | 17:24 IST - Last Updated OnOct 26, 2026 | 18:12 IST Strong demand for battery electric vehicle components powered a robust surge in quarterly revenue and profit for the auto component maker, even as operating margins contracted slightly. Discover how management plans to protect profitability amid rising input costs. Auto component manufacturer Sona BLW Precision Forgings Ltd on Monday (October 26) reported a 29.9% year-on-year (YoY) increase in net profit to ₹223.4 crore for the second quarter of FY27, compared with ₹172 crore in the corresponding period last year. Revenue from operations rose 35.2% YoY to ₹1,546.4 crore from ₹1,144 crore in the year-ago quarter. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 23.3% to ₹356.2 crore from ₹289 crore. However, the EBITDA margin declined to 23% in the September quarter from 25.2% in the corresponding quarter last year. Order book at ₹25,100 crore Sona BLW reported that its net order book stood at ₹25,100 crore as of the end of Q2 FY27, equivalent to 5.6 times its FY26 revenue. The company added orders worth ₹3,600 crore during the quarter, while ₹2,500 crore worth of orders were consumed from matured and ramp-up programmes. ALSO READ | Sona Comstar says DENSO JV strengthens EV business as demand outpaces supply Its order book includes ₹15,200 crore from automotive electric vehicle (EV) programmes, ₹7,700 crore from automotive non-EV programmes, ₹1,300 crore from railways and ₹900 crore from robotics and physical artificial intelligence (AI). New orders across EV and non-EV programmes During Q2 FY27, the company secured orders for four new programmes, including two new products, an additional integrated motor controller order and increased volumes for existing programmes. These include a helical limited-slip differential for a global electric vehicle manufacturer, an integrated motor controller for an Indian original equipment manufacturer (OEM) of internal combustion engine (ICE) and electric two-wheelers, traction motors for electric two-wheelers, and a rear radar sensor for intelligent and connected two-wheelers. ALSO READ | Sona BLW's emerging biz will drive next phase of growth; UBS projects 16% upside The new orders are expected to add ₹700 crore, ₹380 crore, ₹1,250 crore and ₹100 crore, respectively, to the order book, with production scheduled to begin between the second half of FY27 and the first half of FY29. The company also added ₹660 crore to its order book from non-electric programmes during the quarter. These include starter motors for a North American passenger vehicle and EV manufacturer, differential assemblies for an Indian OEM serving passenger vehicles, commercial vehicles, off-highway vehicles and EVs, and differential gears for North American and Indian customers. Production for these programmes is scheduled to begin between the first half of FY28 and the first half of FY29. BEV Revenue Battery electric vehicle (BEV) revenue rose 129% year-on-year to ₹606.1 crore in Q2 FY27, accounting for 51% of automotive product revenue. ALSO READ | Sona Comstar Q1 net profit beats estimates, jumps 47%; BEV revenue share hits record 44% For the first half of FY27, BEV revenue rose 119% to ₹1,041.6 crore, representing 48% of automotive product revenue. The company had 75 EPIC Mobility programmes across 37 customers at the end of Q2 FY27, up from 71 programmes across 36 customers at the end of Q1 FY27. Cash Position Sona Comstar reported free cash flow from operations (FCFO) of ₹445.6 crore for the first half of FY27. Its closing cash, fixed deposits and mutual fund investments stood at ₹1,965.5 crore. As of September 2026, return on capital employed (ROCE) was 16.4% and return on equity (ROE) was 13.9%. The working capital turnover ratio stood at 4.6, fixed asset turnover at 3.4 and value added per employee cost at 4.7. The net debt-to-EBITDA ratio was -1.17. ALSO READ | Sona Comstar, DENSO form two joint ventures to develop electric and hybrid powertrain systems The company operates 12 manufacturing plants, five research and development centres, one tool and die shop, and eight warehouses. Its global presence includes operations in India, China, the United States, Mexico, Germany, Belgium and Serbia. Shares of Sona BLW Precision Forgings Ltd ended at ₹783.90, up by ₹31.10, or 4.13%, on the BSE.
document fetched 2026-10-27 02:56 · canonical https://cnbctv18.com/market/stocks/sona-blw-precision-forgings-share-price-q2-results-net-profit-surges-30-on-higher-revenue-bev-revenue-jumps-129-20019576.htm