Sona BLW Precision Forgings Reports Record Q2 FY26 Results Despite BYD Deal Cancellation

Sona BLW Precision Forgings (Sona Comstar), a leading mobility technology company, announced its financial results for Q2 FY26, showcasing robust growth and strategic initiatives despite recent challenges.

Recent Developments

The company confirmed that its deal with BYD has been cancelled, a development that may impact future growth projections and market positioning.

Financial Highlights for Q2 FY26

Sona Comstar reported its highest-ever quarterly revenue, EBITDA, and net profit for the quarter ended September 30, 2025:

• Revenue: ₹1,144 crore, up 24% YoY
• EBITDA: ₹289 crore, up 13% YoY
• EBITDA Margin:3%, down 2.3 percentage points
• PAT: ₹173 crore, up 20% YoY
• PAT Margin:9%, down 0.6 percentage points

Revenue from Battery Electric Vehicles (BEV) accounted for 32% of total automotive product sales, though it declined 17% compared to the same quarter last year.

Strategic Updates

The company expects gradual improvement in return ratios through growth initiative investments. Following its railway acquisition, Sona Comstar aims to maintain profit margins in the range of 24–26%.

It has successfully developed, tested, and validated rare-earth-free motors for electric vehicle applications, enhancing supply chain security and thermal performance.

Additionally, Sona Comstar secured nominations for two programs to supply motors and motor controllers for predictive active suspension systems in Asia and Europe. It also received its first order from its new driveline plant in Mexico to supply differential assemblies to an OEM in the USA.

Management Commentary

Vivek Vikram Singh, MD & Group CEO, stated in the filings, “We achieved our highest-ever quarterly revenue, EBITDA, and net profit in Q2 FY26. Our revenue grew by 24% year-on-year, primarily driven by the expansion of our electric vehicle traction motor and railway business in India.”

He added: “We have developed a rare-earth-free ferrite-assisted synchronous reluctance motor for three-wheelers and light commercial vehicles. It was also a successful quarter for business development as we won several significant new orders.”

Read More: Sona BLW Precision Forgings Partners with NEURA.

Conclusion

Despite the cancellation of its BYD deal, Sona Comstar delivered record Q2 FY26 results and advanced its EV technology roadmap. Strategic initiatives, new program wins, and global expansion reinforce its long-term growth outlook.

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