Sona Comstar reports Q1 FY26 revenue of ₹850.9 crore, records highest-ever order book of ₹26,200 crore, driven by EVs, and secures major contracts in North America and India.
04 Aug 2025 | 3956 Views | By Sarthak Mahajan
Sona BLW Precision Forgings Ltd. (Sona Comstar), a leading provider of mobility technology solutions for electrified and conventional powertrains, today released its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2025.
The company reported total revenue of ₹850.9 crore for the quarter, reflecting a ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
Sona BLW Precision Forgings Ltd. (Sona Comstar), a leading provider of mobility technology solutions for electrified and conventional powertrains, today released its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2025.
The company reported total revenue of ₹850.9 crore for the quarter, reflecting a 5% year-on-year (YoY) decline. Revenue from Battery Electric Vehicles (BEV) amounted to ₹210.6 crore, accounting for 28% of total revenue, but decreased by 25% compared to the same period last year.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for Q1 FY26 stood at ₹202.5 crore, down 19% YoY, resulting in an EBITDA margin of 23.8%. Profit After Tax (PAT) was ₹124.7 crore, representing a 12% decline from the previous year, with a net profit margin of 14.3%.
Despite the decline in quarterly revenue, the company’s net order book reached an all-time high of ₹26,200 crore as of June 30, 2025. Electric vehicle (EV) programs account for 75% of this order book, highlighting the company's growing focus on electrification.
During the quarter, Sona Comstar added two new EV programs, increasing the total number of awarded programs to 60 across 32 global customers.
Sona Comstar signed a binding term sheet with Jinnaite Machinery Co., Ltd. (JNT) on July 20, 2025, to establish a joint venture (JV) in China. The JV will manufacture and supply driveline systems and components to automotive OEMs in China and international markets. Sona Comstar will invest ₹100 crore (USD 12 million), while JNT will contribute ₹66.7 crore (USD 8 million) in assets and business in the first phase. Operations are expected to commence in the second half of the current financial year, marking a significant step in the company’s strategy to expand into the growing Asian EV market.
The company secured a new order from a North American OEM to supply differential assemblies with final drive gears for a new electric passenger vehicle platform. This program, valued at ₹1,550 crore, represents the company’s largest single order win in the past two and a half years and is expected to begin production in Q3 FY28.
Sona Comstar also received an order from an existing Indian OEM to supply drive motors for a new electric three-wheeler model. The contract adds ₹260 crore to the order book, with production scheduled to begin in Q4 FY26, further strengthening the company’s position as a leading supplier of drive motors for electric two- and three-wheelers in India.
Additionally, the company completed the acquisition of the Railway Equipment Division from Escorts Kubota Limited on June 1, 2025. The business has been fully integrated, and its financial performance has been consolidated into Sona Comstar’s results since that date.
Vivek Vikram Singh, Managing Director and Group CEO of Sona Comstar, commented on the quarter: “Q1 FY26 was a challenging period due to the convergence of several temporary adverse factors, some of which have already begun to resolve. Despite these headwinds, we concluded the quarter with significant order wins, achieving the highest net order book in our history. The recent order from a North American OEM is expected to support one of the most significant EV launches in recent years. Our joint venture in China and continued expansion in both domestic and international EV markets reinforce our long-term growth strategy.”
Sona BLW Precision Forgings Limited, operating as Sona Comstar, is a global mobility technology company headquartered in Gurugram, India. Established in 1995, the company specializes in the design and manufacture of precision-engineered systems and components for automotive and railway applications. It operates manufacturing, R\&D, and engineering facilities in India, the USA, Serbia, Mexico, and China.
Sona Comstar is a leading supplier of driveline and traction motor solutions for the electric vehicle market and a key provider of safety and suspension systems for India’s railway sector.