New Delhi: Auto Components maker Sona Comstar, also known as Sona BLW Precision Forgings Ltd, has reported strong quarterly results on the back of strong growth in its electric vehicle traction motor and railways businesses. The company saw its revenues rise 39% year on year (YoY) to Rs. 1,209 crores, with its EBITDA growing at 30% to Rs. 305 crores.
The company’s adjusted PAT was at Rs. 181 crores, with a net profit margin of 14.9%, even as the company had to make provisions for one-time expenses. Despite revenues from its battery EV sector being lower by 14.4% YoY for the 9 month period of FY25, it did contribute about 33% of total revenues. During the year, Soma Comstar also commercialised a new product, a hydraulic motor controller for electric farm equipment vehicles, with an order coming in from a global OEM.
“We achieved our highest-ever quarterly revenue, EBITDA, and adjusted net profit in Q3 FY26. Our revenue grew strongly by 39% year on year, primarily driven by the expansion of our electric vehicle traction motor and railway business in India. BEV revenue share improved meaningfully to 38% in Q3 from 32% in Q2FY26 and represents our second-best quarter till date in terms of absolute BEV revenue and share. We have commercialized a new product in this quarter, the hydraulic motor controller, leveraging our strengths in motors and controllers to develop the solution for a new application outside the current product portfolio. We continue to add new EV customers and win new EV programs from our existing EV customers. Moreover, we commenced sample production of in-cabin radar sensors in our new SMT line at Chennai facility in this quarter, making us one of the few automotive radar manufacturers in India with local SMT manufacturing capability.” Mr. Vivek Vikram Singh, MD & Group CEO, said in a press release.
