Sona BLW Q2 results came in strong on Monday. Sona BLW Precision Forgings, the auto parts maker that sells as Sona Comstar, reported consolidated net profit of ₹223 crore for the September quarter, up 29% from a year ago, as sales of parts for battery electric vehicles more than doubled. The company called it a record quarter for revenue, EBITDA and profit, according to its press release filed with NSE on October 26, 2026.
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Sona BLW Q2 results: the key numbers
Revenue for the July-September quarter was ₹1,547 crore, 35% higher than a year earlier. CNBC-TV18’s results liveblog put the figure at ₹1,546.4 crore against ₹1,144 crore in the same quarter last year.
- Net profit: ₹223 crore, up 29% year on year, with a net margin of 14.4%. CNBC-TV18 reported ₹223.4 crore against ₹172 crore a year ago.
- EBITDA: ₹356 crore, up 23% year on year.
- EBITDA margin: 23.0%, down from 25.2% a year ago, a fall of 220 basis points, per CNBC-TV18.
So the top line grew faster than operating profit. That is the one soft spot in an otherwise clean set of numbers. If you want a refresher on why margins matter as much as growth, our explainer on reading margins in results walks through it.
EVs now drive half the business
The headline story is electric vehicles. Revenue from battery electric vehicle (BEV) programmes grew 129% year on year, and BEVs made up 51% of the company’s automotive revenue, its highest share yet.
Sona also said it commercialised three new products in the quarter, its most in any single quarter: a helical limited slip differential for EVs, air springs for railway passenger coaches and rear radar sensors for two-wheelers. Its driveline division won the 2026 Deming Prize for quality management from the Union of Japanese Scientists and Engineers.
Order book and first-half numbers
New orders worth ₹36 billion (₹3,600 crore) came in during the quarter, taking the net order book to ₹251 billion (₹25,100 crore), the second-highest level at any quarter end. EV and robotics and physical AI programmes make up 65% of that book. The biggest win the company listed was ₹12.5 billion of additional traction motor volumes from an Indian two-wheeler maker, with production of those volumes expected to begin in the second half of FY27. A global EV maker’s order for limited slip differentials added another ₹7 billion.
For the first half of FY27, revenue was ₹2,857 crore (up 43%), EBITDA was ₹658 crore at a 23.0% margin, and net profit was ₹403 crore (up 36%). By our arithmetic, taking the half-year figures minus the second quarter, that puts first-quarter revenue at about ₹1,310 crore. So Q2 sales were roughly 18% higher than Q1’s.
MD and Group CEO Vivek Vikram Singh called Q2 FY27 “almost a perfect quarter” and said free cash flow from operations in the first half was more than one and a half times the figure for all of FY26.
What it means for investors
We see two things to watch. First, whether margins can climb back towards last year’s 25% as new EV programmes scale up. Second, how quickly the big order book turns into revenue, since several programmes only start production in FY28 and FY29. For a step-by-step method, see our guide on how to analyse quarterly results of a company, and check our Q2 results calendar for this week for other companies reporting.
Disclaimer: This article is for information and education only and is not investment advice. Please do your own research or consult a SEBI-registered adviser before making any investment decision.
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