Sona BLW Precision Forgings Ltd. (Sona Comstar), a leading mobility technology company specializing in mission-critical systems and components for electrified and non-electrified powertrain segments, has announced its financial results for the quarter and full year ended March 31, 2026. The company delivered its strongest-ever quarterly performance, achieving record highs across revenue, EBITDA, profit after tax (PAT), battery electric vehicle (BEV) revenue, and BEV revenue share. During Q4 FY26, revenue grew 47% year-on-year to ₹1,272 crore, driven by strong demand for EV traction and suspension motors, differential gears, and assemblies, along with contributions from its railway business. EBITDA stood at ₹311 crore, reflecting a 32% YoY growth with a margin of 24.4%, while PAT rose 17% YoY to ₹192 crore, with a net profit margin of 14.7%. Notably, BEV revenue reached ₹359 crore, accounting for 39% of total revenue, marking an all-time high share.
For the full financial year FY26, Sona Comstar reported revenue of ₹4,475 crore, registering a 26% YoY increase. EBITDA for the year stood at ₹1,107 crore with a margin of 24.7%, while adjusted PAT reached ₹670 crore, up 11% YoY, maintaining a net profit margin of 14.7%. The company continued to strengthen its electrification portfolio, adding nine new EV programs and three new EV customers during the year, taking the total number of EV programs to 67 across 35 customers.
Commenting on the performance, Managing Director and Group CEO Vivek Vikram Singh highlighted that Q4 FY26 marked a significant milestone in both financial performance and strategic progress. He noted that the company not only achieved its highest-ever quarterly numbers but also expanded its global footprint by adding new European customers and commercializing two new railway products—electric control panels and HVAC systems. The quarter also saw the company secure four new driveline orders, including three EV programs and one hybrid program. For the first time, Sona Comstar won three driveline orders from European OEMs in a single quarter, signaling a renewed presence in the region’s EV market after nearly four years. He further emphasized that hybrid programs present a growth opportunity rather than a risk for the company.
Operationally, the company secured several key orders during the quarter. These include a ₹2.2 billion order from a new European OEM for supplying differential gears for a BEV program in North America, with production expected to begin in the first half of FY29. Another order worth ₹1.4 billion was received from a luxury European OEM for differential assemblies for a BEV program in Europe, scheduled to commence in the first half of FY28. Additionally, the company secured a ₹1.2 billion order from an existing European customer for supplying differential assemblies for a hybrid platform, with production expected in the second half of FY28. It also won a ₹1.0 billion order from two existing customers—one Indian OEM and one European OEM—for supplying differential assemblies for BEV platforms in India, with production expected to start in the first half of FY28.
Overall, Sona Comstar’s strong financial and operational performance in Q4 and FY26 underscores its growing leadership in the electrification space, supported by a robust order book, expanding global customer base, and continued focus on innovation across EV and hybrid technologies.
