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Informist, Friday, Jan. 23, 2026

 

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--Sona BLW Oct-Dec consol net profit INR 1.51 bln 
--Analysts saw Sona BLW Oct-Dec consol net profit at INR 1.72 bln 
--Sona BLW Oct-Dec consol revenue INR 12 bln 
--Analysts saw Sona BLW Oct-Dec consol revenue at INR 11.23 bln 
--Sona BLW Oct-Dec consol net profit INR 1.51 bln, marginally down on year 
--Sona BLW Oct-Dec consol revenue INR 12 bln vs INR 8.68 bln year ago 
--Sona BLW to pay INR 1.60 per share interim dividend 
--Sona BLW interim dividend record date is Jan 30 
--Sona BLW Oct-Dec net profit includes one-time cost INR 401.39 mln 
--Sona BLW Oct-Dec profit excluding exceptional cost INR 1.91 bln 
--Sona BLW Apr-Dec consol net profit INR 4.48 bln vs INR 4.37 bln year ago 
--Sona BLW Apr-Dec consol revenue INR 31.92 bln vs INR 26.81 bln year ago 
--Sona BLW: One-time cost of INR 401.39 mln due to new labour codes 
--Sona BLW OKs corporate guarantee for up to INR $10.9 million loan by arm 
--Sona BLW OKs corporate guarantee for arm Comstar Automotive (Hangzhou)
--Sona BLW: Q3 sales up YoY on expansion of e-vehicle traction motor ops 
--Sona BLW: Q3 sales growth driven by railway business in India 
--Sona BLW Oct-Dec EBITDA INR 3.05 bln vs INR 2.34 bln year ago 
--Sona BLW Oct-Dec EBITDA margin 25.2% vs 27.0% year ago 
--Sona BLW: Oct-Dec EBITDA margin down on year largely due to product mix 
--Sona BLW Oct-Dec revenue from battery EV ops INR 3.20 bln, down 3% on year

 

By Akshat Saksena

 

MUMBAI – Sona BLW Precision Forgings Ltd.'s net revenue from operations for the December quarter grew at its fastest pace in 12 quarters, beating the consensus estimate. Yet, the company's bottom line for the quarter fell marginally because of a one-time cost incurred following implementation of the new labour codes.

 

The company's consolidated net profit for the reporting quarter fell marginally on year and 13% on quarter to INR 1.51 billion. The net profit missed analysts' estimates of INR 1.72 billion. The bottom line was hampered by a one-time cost of INR 401.39 million on account of implementation of the new codes. Excluding the one-time cost, the company's bottom line was at INR 1.91 billion, higher than the Street's estimate.

 

The company's consolidated revenue from operations rose 38% on year and over 5% sequentially to INR 12 billion. This metric also beat analysts' consensus estimate of an over 29% year-on-year rise to INR 11.23 billion. Sequentially, analysts had estimated a fall of nearly 2% in the revenue from operations.

 

The company's total expenses rose over 39% on year to INR 9.84 billion, led by a 55.5% on-year rise in cost of materials consumed. It spent INR 5.89 billion to procure raw materials. The raw materials expense accounted for 60% of the company's overall expenditure. Other expenses also rose nearly 26% on year to INR 2.13 billion. 

 

The company's earnings before interest, tax, depreciation, and amortisation for the December quarter stood at INR 3.05 billion, rising 30% on year and beating analysts' estimates of INR 2.76 billion. The EBITDA margin for the reporting quarter was 25.2%, down 180 basis points from a year ago. The company said the fall in the EBITDA margin was largely because of an adverse product mix, something brokerages tracking the company had foreseen.

 

The company said its electric vehicles programme contributed 71% towards its net order book, which stood at INR 235 billion as of Dec. 31. Revenue from the electric vehicle battery business, however, fell nearly 3% on year to INR 3.20 billion. The segment contributed over 38% to automotive product sales.

 

The company achieved its highest ever quarterly revenue, EBITDA, and adjusted net profit in the December quarter, led by the expansion of its electric vehicle traction motor and railway business in India, Vivek Vikram Singh, managing director and group chief executive officer, said.

 

For the nine months ended Dec. 31, the company reported a consolidated net profit of INR 4.48 billion, up nearly 3% on year. Its consolidated revenue for the period rose 19% on year to INR 31.92 billion. Sona BLW saw exceptional costs amounting to INR 509.81 million in the period, which included a cost of INR 401.39 million due to implementation of the new labour codes and INR 108.42 million incurred due to various acquisitions.

 

The company's revenue from North America contributed 28% to its top line in Apr-Dec, as compared to 43% a year ago. Its differential assembly business, which brokerages had seen being weak in the December quarter, accounted for 17% of its top line in the nine-month period, as compared to 28% a year ago. The revenue from the company's battery electric vehicle business declined 14% during the period and constituted 33% of total automotive product sales. The company's EBITDA for Apr-Dec rose 8% on year to INR 7.96 billion. The EBITDA margin for the period fell 270 bps on year due to an adverse product mix.

 

The company announced an interim dividend of INR 1.60 per share and has set Jan. 30 as the record date. Along with the results for the quarter, the board of Sona BLW approved a corporate guarantee for a period of five years for step-down subsidiary Comstar Automotive (Hangzhou) Co. Ltd. The corporate guarantee is for an amount of up to $10.90 million, the company said.

 

The company announced its results during market hours. Shares of the company ended nearly 3% lower at INR 456.10 on the National Stock Exchange.  End

 

US$1 = INR 91.95

 

Edited by Rajeev Pai

 

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