Sona BLW Precision (Sona Comstar) Forgings reported a 14% YoY drop in net profit to ₹122 crore for Q1 FY26, with total income slightly down to ₹895 crore from ₹900 crore.
Despite the dip, Sona Comstar secured its largest order in 2.5 years from a North American OEM for EV differential assemblies, boosting its order book to an all-time high.
It also signed a term sheet with JNT for a JV in China, marking a strategic expansion into the Asian EV market, with operations expected to start later this year.
Sona BLW Precision Forgings Net Profit Falls 14% in Jun Qtr
The auto component major posted a net profit of ₹142 crore for the April-June quarter of last year
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Sona BLW Precision Forgings on Monday reported a 14% year-on-year fall in consolidated net profit to ₹122 crore for the June quarter.
The auto component major posted a net profit of ₹142 crore for the April-June quarter of last year.
Total income declined to ₹895 crore in the first quarter against ₹900 crore in the year-ago period, Sona BLW Precision Forgings (Sona Comstar) said in a regulatory filing.
"Q1 FY26 was a challenging quarter for us due to the convergence of multiple adverse factors, which are temporary, and some have started to resolve already," Sona Comstar MD and Group CEO Vivek Vikram Singh said.
The company ended the quarter with a few large order wins, closing the quarter with an all-time high net order book, he added.
"We have received a large order from a North American OEM (original equipment manufacturer) to supply differential assemblies. This is our largest order win in the last two-and-a-half years. We believe this is likely to be one of the most significant and successful EV launches in many years," Singh said.
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The company has recently signed a term sheet with JNT to form a joint venture in China, he noted.
This JV marks a significant step in the company's strategy to expand into the rapidly growing Asian markets, he added.
"With a robust order book already in place, we expect operations to commence later this year," Singh said.
Sona BLW Precision Forgings shares on Monday ended 1.2% higher at ₹442.55 apiece on the BSE.
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