Q2 Results: Sona BLW Posts Jump in Profits- Check the Numbers

Sona BLW Precision Forgings (Sona Comstar), a mobility technology and precision forging leader for the automotive sector, achieved its highest quarterly performance ever in Q2 FY26. The company recorded revenue of ₹1,144 crore, representing a strong 24% year-on-year growth. Net profit increased 20% YoY to ₹173 crore, indicating consistent business momentum in spite of recent difficulties.

Sona BLW Q2 FY26 Results: Key Financial Highlights

• Total income increased 22.66% YoY to ₹1,160.47 crore.
• EBITDA rose 13% YoY to ₹289 crore, with an operating margin of 25.3%, even as margins dipped 230 basis points because of product mix variations.
• The company delivered an EPS of ₹2.78 in Q2, which rose almost 15% YoY.
• BEV revenue accounted for 32% of automobile product sales, down from 36% during the earlier year, as it was affected by the cancellation of a major BYD order.

Sona BLW Q2 FY26 Results: Strategic Developments and Market Position

Sona BLW successfully established and certified rare-earth-free motors, improving supply chain integrity and thermal performance for electric vehicle use. It won new orders of ₹260 crore from a North American OEM and two large programs with Asian and European OEMs, which are scheduled to begin production in Q2 FY27.

The overall order book of the company was at ₹23,600 crore in September 2025, and around 70% of orders were associated with electric vehicle programs. The cancellation of the recent BYD deal is a concern but management forecasts improvement in return ratios over time through continuous investments, particularly in its business vertical for the railway sector.

Sona BLW Q2 FY26 Results: Market Response and Expert Views

After the Q2 results, various brokerage houses remained bullish:

• Nuvama Institutional Equities has a 'Buy' rating, underlining firm execution and a robust order book.
• JM Financial perceives 17% upside potential based on strong revenue expansion that exceeded estimates by 6.7%, which underlines Sona's resilience across conventional and electrified mobility solutions.
• In spite of conservative margin pressures, professional analysts value Sona's expansion in electric vehicle traction motors and forays into the railways business, which are likely to add substantially to revenues by FY28.

The stock appreciated by about 4% following the announcement, reflecting bullishness on the part of investors even as some target prices were reduced from ₹630 to ₹610 by Citi.

Sona BLW Q2 FY26 Results: Nutshell

Q2 FY26 was a milestone quarter for Sona BLW with all-time high revenue, EBITDA, and profit. Although the termination of a significant EV contract is an issue, the company's diversified order book, improvements in EV motor technology, and diversification into the rail industry underpin a strong medium-term view. Industry analysts recommend monitoring the coming quarters for margin restoration and effect from new program starts.

This performance solidifies Sona BLW's position as a key supplier in India's electric and conventional automotive industry in the face of a fast-changing market environment.