Sona BLW Precision Forgings Ltd (Sona Comstar) reported a robust set of numbers for the March quarter, with revenue surging 47% year-on-year to ₹1,272 crore, marking its highest-ever quarterly topline. Net profit rose 17% YoY to ₹192 crore, while EBITDA grew 32% to ₹311 crore, translating into a margin of 24.4%.

The quarter also saw the company clock its highest-ever contribution from battery electric vehicles (BEVs), with EV-led revenue accounting for 39% of total income. BEV revenue stood at ₹359 crore, up 22% YoY, underscoring the company’s deepening exposure to the global electrification trend.

EV momentum and Europe wins drive growth

Sona Comstar’s growth was largely driven by strong demand for EV traction and suspension motors, differential gears, and assemblies, alongside the consolidation of its railway business. The company secured four new driveline orders during the quarter, including three EV programs and one hybrid program.

Notably, three of these orders came from European OEMs—marking the first time the company has achieved such a milestone in a single quarter. This includes its first EV program win from Europe in nearly four years, signalling a revival in its presence in the region.

Order wins during the quarter added over ₹5.8 billion to the order book across EV and hybrid platforms, with production timelines ranging from FY28 to FY29.

Management flags strongest-ever quarter

Commenting on the performance, Managing Director and Group CEO Vivek Vikram Singh said, “Q4 FY26 was our strongest quarter financially and an important step forward in our strategic and technology roadmap, with new customers added in Europe and two new railway products commercialized.”

“We delivered our best-ever quarter, with the highest revenue, EBITDA, PAT, BEV revenue and BEV revenue share. Revenue grew by 47% year on year, primarily driven by growth in EV traction and suspension motors, differential gears, differential assemblies along with consolidation of railway business,” he added.

Highlighting the order momentum, Singh noted, “For the first time, we won three orders from European OEMs, and this is our first EV program win from Europe in almost four years. The hybrid program wins reinforce our view that hybrids are an opportunity for us, not a risk.”

FY26 performance and EV pipeline expansion

For the full year FY26, revenue rose 26% YoY to ₹4,475 crore, while EBITDA stood at ₹1,107 crore with a margin of 24.7%. Adjusted net profit increased 11% YoY to ₹670 crore.

The company continued to expand its EV pipeline, adding nine new EV programs and three new EV customers during the year. Its total EV program count now stands at 67 across 35 customers, reflecting a steady scale-up in electrification-led business.

Diversification into railways gains traction

Beyond automotive, Sona Comstar is strengthening its railway segment, where it commercialised two new products—electric control panels and HVAC systems—during the quarter. This expansion is expected to support diversification and reduce cyclicality tied to the auto sector.

The company also emphasised that hybrid programs complement its EV strategy, positioning the company to capture opportunities across multiple powertrain technologies.