Sona Comstar Achieves Highest-Ever Revenue and Profit in Q2 FY26

Chennai, India – Sona BLW Precision Forgings Ltd (Sona Comstar), a leading mobility technology company providing mission-critical systems and components for electrified and non-electrified powertrain segments, announced its financial results for the quarter and half-year ended September 30, 2025.

Key Financial Highlights – Q2 FY26 and H1 FY26

In the Q2 FY26, the company marked a revenue of INR 1,144 crore with 24 percent YoY growth; EBITDA of INR 289 crore with a margin of 25.3 percent and 13 percent YoY growth; PAT of INR 173 crore with a net profit margin of 14.9 percent and 20 percent YoY growth; and revenue share from Battery Electric Vehicles (BEV) at 32 percent.

For H1 FY26, the company noted a revenue of INR 1,994 crore with 10 percent YoY growth; EBITDA of INR 492 crore with an EBITDA margin of 24.6 percent; PAT of INR 297 crore with a net profit margin of 14.6 percent and 4 percent YoY growth; and EV programs contribute 70 percent to the net order book of INR 23,600 crore as of September 30, 2025.

Vivek Vikram Singh, MD & Group CEO, commented, “We achieved our highest-ever quarterly revenue, EBITDA, and net profit in Q2 FY26. Our revenue grew by 24 percent year-on-year, primarily driven by the expansion of our electric vehicle traction motor and railway business in India. Due to the unavailability of heavy rare-earth magnets, we shifted to alternative motor designs and now manufacture light rare-earth magnet motors for electric two-wheelers. 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.”

He further continued, “We have been nominated for two additional programs—one in Asia and the other in Europe—to supply our motors and motor controllers for predictive active suspension systems. These nominations are important, as they indicate that our innovative suspension system is gaining wider acceptance just months after its first commercial launch. We received our first order from our new driveline plant in Mexico to supply differential assemblies to an OEM in the USA, amid ongoing trade uncertainties. Lastly, we are partnering with Neura Robotics to jointly develop advanced components and technologies, with a focus on industrializing robots, cobots, and humanoids in India and other markets.”

Operational Highlights – Q2 FY26 and H1 FY26

Electrification:

• BEV Revenue Share: Revenue from Battery EV was lower by 21 percent YoY to INR 475 crore in H1 FY26 and contributed 30 percent of total revenue.
• EV programs: In H1 FY26, we added four new EV programs, bringing the total number of awarded programs to 62 across 32 different customers.
• Sona Comstar has successfully developed, tested, and validated a rare-earth-free, ferrite-assisted synchronous reluctance motor for electric three-wheelers and light commercial vehicles. The company manufactures and supplies motors for electric two-wheelers that use lightweight rare-earth magnets.
  
  

Key Developments:

• Sona Comstar has received the first order for its driveline plant in Mexico to supply differential assemblies to an existing customer, a North American OEM of Recreational Off-highway vehicles. This program has added INR 2.6 billion to our order book, and production is likely to commence in Q2 FY28.
• Sona Comstar has been nominated for two more programs to supply its integrated motor controller modules for the active suspension systems. One nomination is from an existing customer, an Asian EV OEM, and the second is from a European OEM of luxury performance cars. These two nominations have an order value of INR 8.2 billion and are expected to start production in Q2 FY27.
• Sona Comstar has signed an MOU with Neura Robotics of Germany. Neura Robotics is a pioneer in the field of Cognitive robotics. This strategic collaboration aims to jointly develop advanced technologies, components, and subassemblies, and to industrialize Robots and Humanoids for India and mutually agreed markets.
• Sona Comstar and JNT have mutually agreed to put their proposed Joint Venture (JV) in China in abeyance. However, both companies have expressed their willingness to cooperate with each other on select foundry products and remain open to future collaboration. The term sheet executed by the parties for the proposed JV on 20th July 2025 stands rescinded.

Image Source: Sona BLW Precision Forgings Ltd (Sona Comstar)