Sona BLW Precision Forgings Ltd (Sona Comstar) on Friday reported 20 per cent year-on-year (YoY) rise in net profit to ₹181 crore for the October-December quarter of FY26 due to strong growth in its electric vehicle (EV) traction motor and railway businesses in India.
The Gurugram-based mobility technology supplier reported revenue of ₹1,209 crore in Q3FY26, registering a strong growth of 39 per cent year-on-year. EBITDA for the quarter grew 30 per cent to ₹305 crore, margins remained healthy.
Battery electric vehicle (BEV) programs accounted for 38 percent of total automotive product sales during the quarter. However, BEV revenue declined marginally by 3 per cent to Rs 329.1 crore compared to Rs 320.2 crore in the previous quarter of FY26. “Our total revenues grew 39 percent during the quarter, while BEV revenues accounted for 38 percent of total automotive product sales,” the company said.
Commenting on the performance, Managing Director and Group CEO Vivek Vikram Singh said, “We achieved our highest ever quarterly revenue, EBITDA and adjusted net profit in Q3FY26. The growth was primarily driven by the expansion of our EV traction motor and railway business in India. We continue to add new EV customers and win new programs from existing customers.”
EV business picks up pace
EV programs contributed 71 per cent to Sona Comstar’s net order book for the nine months ending December 2025, with the total order book at ₹23,500 crore. During the first nine months of FY26, the company added six new EV programs, taking the total number of awarded EV programs to 64 across 33 global customers.
New products and localization initiatives
During the quarter, Sona Comstar commercialized a hydraulic motor controller for electric farm equipment vehicles, thereby entering a new application segment beyond core automotive offerings. The company also began sample production of in-cabin radar sensors at its Chennai facility, making it one of the few automotive radar manufacturers in India with local surface-mount technology (SMT) manufacturing capability. Serial production is expected to begin in the second half of calendar year 2027.
nine months performance
For the nine months ended December 31, 2025, Sona Comstar reported revenue of ₹3,203 crore, up 19 per cent year-on-year. EBITDA stood at ₹796 crore, while adjusted profit after tax increased to ₹478 crore. EBITDA margin remained stable at around 25 percent.
Management attributed the steady growth to the expansion of EV traction motor programs and growing demand from the railway sector as well as the continued growth of global OEM customers. Sona Comstar supplies driveline, traction motor and sensor solutions to global mobility OEMs and operates manufacturing and R&D facilities in India, the US, Europe, Mexico and China.